Form 4: Grocery Outlet Director Lindberg Acquires Shares Following PSU Vesting

Director Eric J. Lindberg Jr. acquired 79,628 shares of Grocery Outlet Holding Corp. common stock on February 28, 2025, following the satisfaction of performance-based vesting conditions related to performance stock units (PSUs).

Summary

• On February 28, 2025, Eric J. Lindberg Jr., a director of Grocery Outlet Holding Corp., acquired 79,628 shares of common stock.
• The acquisition resulted from the vesting of performance stock units (PSUs) granted on March 3, 2022, after the Issuer's Compensation Committee certified that performance-based vesting conditions were met.
• The shares were acquired at a price of $0.
• Following the transaction, Mr. Lindberg directly owns 199,502 shares.
• Mr. Lindberg also indirectly owns 1,976,670 shares through the Lindberg Revocable Trust, 401,500 shares through the Lindberg Irrevocable Trust, 460 shares by child and 460 shares by spouse.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction (PSU vesting) following the achievement of performance goals. It's a positive signal that performance targets were met, but not necessarily indicative of a major shift in the company's outlook.

Positives

• The vesting of PSUs indicates that performance targets were met, which could be viewed positively by investors.
• The director's increased stake in the company aligns his interests with those of other shareholders.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, or those holding 10% or more of a company's shares) buy or sell stock in their own companies. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a director in the company's performance.

Key Dates