Form 4: Grocery Outlet Director Eric J. Lindberg Jr. Executes Stock Option Exercises and Sales

Director Eric J. Lindberg Jr. of Grocery Outlet Holding Corp. reports exercising stock options and selling shares on March 11 and 12, 2024.

Summary

• Eric J. Lindberg Jr., a director at Grocery Outlet Holding Corp., executed transactions involving the company's stock on March 11 and 12, 2024.
• On both days, Lindberg exercised stock options to acquire shares of common stock at a price of $7.13 per share.
• Simultaneously, Lindberg sold these acquired shares on the open market at weighted average prices of $26.45 and $26.75, respectively.
• Specifically, on March 11, he acquired and sold 43,684 shares, and on March 12, he acquired and sold 64,000 shares.
• Following these transactions, Lindberg directly owns 64,135 shares of common stock.
• Lindberg also has indirect ownership through The Lindberg Family Revocable Trust (2,026,670 shares), the Lindberg Irrevocable Trust (401,500 shares), shares held by a child (460 shares), and shares held by a spouse (460 shares).
• He also directly owns 600,095 stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common among corporate executives and directors. Investors often monitor these filings for insights into management's perspective on the company's stock and future prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
• The transactions are similar to those of executives at comparable companies such as Kroger, Albertsons, and Sprouts Farmers Market, who regularly exercise stock options and sell shares.
• The reporting requirements and format are consistent across all companies subject to Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as insider sales can sometimes be interpreted as a lack of confidence in the company, although this is a routine transaction.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates