Form 4: Grocery Outlet Director Eric Lindberg Jr. Receives Annual Equity Grant of Restricted Stock Units

Grocery Outlet Holding Corp. Director Eric J. Lindberg Jr. was granted 10,692 restricted stock units as part of his annual equity retainer, aligning his interests with shareholders.

Summary

• Eric J. Lindberg Jr., a Director of Grocery Outlet Holding Corp. (GO), acquired 10,692 shares of Common Stock on June 3, 2025.
• The acquisition represents a grant of restricted stock units (RSUs) as part of the Issuer's non-employee director compensation policy.
• These RSUs are scheduled to vest on the earlier of the date of the next annual meeting of stockholders following the grant date or June 2, 2026, contingent on Mr. Lindberg's continued service.
• Following this transaction, Mr. Lindberg directly beneficially owns 168,705 shares of Common Stock.
• Additionally, Mr. Lindberg indirectly beneficially owns 1,976,670 shares through The Lindberg Family Revocable Trust, 401,500 shares through the Lindberg Irrevocable Trust, 460 shares through a child, and 460 shares through a spouse.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates routine corporate governance and aligns director interests with shareholders, but a Form 4 itself doesn't provide significant new financial performance data.

Positives

• The grant of restricted stock units to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• This transaction is part of a standard non-employee director compensation policy, indicating routine corporate governance practices.

Risks

• The value of the restricted stock units upon vesting is dependent on the future market price of Grocery Outlet Holding Corp.'s common stock, introducing market risk for the recipient.

Future Outlook

The restricted stock units are scheduled to vest on the earlier of the next annual meeting of stockholders following the grant date or June 2, 2026, provided the reporting person continues their service.

Industry Context

This Form 4 filing reflects a routine equity compensation grant to a non-employee director, a common practice across publicly traded companies to incentivize and retain board members by aligning their financial interests with long-term shareholder value. Such grants are standard in the retail and grocery industry for corporate governance.

Comparison to Industry Standards

• The grant of restricted stock units as part of non-employee director compensation is a widely adopted practice among U.S. public companies, including those in the retail and grocery sectors like Kroger, Albertsons, and Sprouts Farmers Market, which often use equity awards to compensate their independent directors.
• The vesting schedule, tied to continued service and future annual meetings, is typical for such grants, ensuring director commitment over a specified period, similar to compensation structures seen at companies like Walmart or Target for their board members.

Corporate Governance

Related Party Transactions

• Eric J. Lindberg Jr. indirectly beneficially owns shares through The Lindberg Family Revocable Trust and the Lindberg Irrevocable Trust, for which he is a Trustee, and also through a child and a spouse.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's financial incentives with shareholder interests, potentially encouraging decisions that enhance long-term stock value.
• Employees: No direct impact on employees mentioned in this filing.

Next Steps

• The restricted stock units will vest on the earlier of the next annual meeting of stockholders following the grant date or June 2, 2026, subject to continued service.

Key Dates

Keywords

Grocery Outlet Holding Corp., GO, SEC Form 4, insider transaction, restricted stock units, RSU, director compensation, equity grant, beneficial ownership