Form 4: Grocery Outlet Director Kenneth Alterman Receives Annual Equity Grant of Restricted Stock Units

Grocery Outlet Holding Corp. Director Kenneth W. Alterman was granted 10,692 restricted stock units as part of his annual non-employee director compensation, aligning his interests with shareholders.

Summary

• Kenneth W. Alterman, a Director of Grocery Outlet Holding Corp. (GO), acquired 10,692 shares of Common Stock on June 3, 2025, at a price of $0 per share.
• These shares represent restricted stock units (RSUs) granted as the annual equity retainer under the Issuer's non-employee director compensation policy.
• The 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. Alterman's continued service.
• Following this transaction, Mr. Alterman directly beneficially owns 56,203 shares of Common Stock and indirectly owns 64,592 shares through the Alterman Revocable Trust, totaling 120,795 shares.

Sentiment

Score: 6

Explanation: The document reports a standard, expected transaction related to director compensation, which is generally positive for aligning interests but does not indicate significant new financial performance or strategic shifts.

Positives

• The grant of restricted stock units aligns the director's financial interests with those of the company's shareholders, promoting long-term value creation.
• This transaction is part of a standard, pre-defined non-employee director compensation policy, indicating structured corporate governance.

Future Outlook

The restricted stock units 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, subject to the director's continued service.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically an equity grant to a non-employee director. Such grants are a common practice across various industries to compensate directors and align their interests with long-term company performance.

Comparison to Industry Standards

• The grant of restricted stock units as part of non-employee director compensation is a standard practice within corporate governance across publicly traded companies, including those in the retail and grocery sectors.
• The vesting schedule, tied to continued service and future events like the annual meeting, is also typical for such equity awards, comparable to practices at companies like Kroger or Albertsons for their non-executive directors.

Corporate Governance

Related Party Transactions

• The grant of 10,692 restricted stock units to Kenneth W. Alterman, a director of Grocery Outlet Holding Corp., constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's long-term interests with shareholder value, potentially leading to more focused decision-making aimed at stock appreciation.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• Vesting of the 10,692 restricted stock units on the earlier of the next annual meeting of stockholders or June 2, 2026.

Key Dates

Keywords

Grocery Outlet Holding Corp., GO, SEC Form 4, Insider Transaction, Director Compensation, Restricted Stock Units, Equity Grant, Beneficial Ownership