Form 4: Grocery Outlet CEO Transfers Shares to Family Trust

Robert Joseph Sheedy Jr., President & CEO of Grocery Outlet Holding Corp., reports a transaction involving the transfer of common stock to The Sheedy Family Trust.

Summary

• On May 15, 2024, Robert Joseph Sheedy Jr., President & CEO of Grocery Outlet Holding Corp., reported a transaction on SEC Form 4.
• He transferred 97,103 shares of common stock to The Sheedy Family Trust.
• Simultaneously, he disposed of 97,103 shares held directly.
• Following the transaction, Mr. Sheedy directly owns 86,083 shares and indirectly owns 97,103 shares through the trust.
• The Sheedy Family Trust, of which Mr. Sheedy is a Trustee, is the beneficial owner of the indirectly held shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock transfer. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the transactions of company executives and directors, allowing investors to monitor potential shifts in ownership and sentiment.

Stakeholder Impact

• The transaction may have a minor impact on shareholders by slightly altering the ownership structure.
• The transfer to a family trust could be part of long-term estate planning.

Key Dates