Form 4: Grocery Outlet Director Kenneth Alterman Reports Acquisition of Restricted Stock Units

Director Kenneth Alterman reports the acquisition of 6,803 restricted stock units (RSUs) in Grocery Outlet Holding Corp.

Summary

• Kenneth W. Alterman, a director of Grocery Outlet Holding Corp., filed a Form 4 on June 5, 2024, reporting changes in beneficial ownership.
• On June 3, 2024, Alterman acquired 6,803 restricted stock units (RSUs) at a price of $0.
• These RSUs are scheduled to vest on the earlier of the next annual meeting of stockholders or June 3, 2025, contingent upon continued service.
• Alterman also reported direct ownership of 45,511 common stock shares and indirect ownership of 39,592 shares held through the Alterman Revocable Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a company director. The acquisition of RSUs is a standard part of director compensation.

Positives

• The acquisition of RSUs by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of RSUs is tied to continued service, suggesting an expectation of ongoing involvement.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates