Form 4: Grocery Outlet Director Lindberg Jr. Reports Acquisition of Restricted Stock Units

Director Eric J. Lindberg Jr. reports the acquisition of 6,803 restricted stock units in Grocery Outlet Holding Corp.

Summary

• On June 3, 2024, Eric J. Lindberg Jr., a director of Grocery Outlet Holding Corp., reported acquiring 6,803 shares of common stock in the form of restricted stock units (RSUs).
• These RSUs were granted as part of the annual equity retainer under the Issuer's non-employee director compensation policy.
• The RSUs are scheduled to vest on the earlier of the next annual meeting of stockholders or June 3, 2025, contingent upon continued service.
• Lindberg also reported indirect ownership of 2,026,670 shares through the Lindberg Revocable Trust, 401,500 shares through the Lindberg Irrevocable Trust, 460 shares by child and 460 shares by spouse.
• Following the transaction, Lindberg directly owns 70,938 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard director compensation practices and aligns the director's interests with the company's performance.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and performance.

Future Outlook

The vesting of the RSUs is contingent upon the director's continued service, suggesting an expectation of ongoing involvement with the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence by demonstrating a commitment to the company's long-term success.

Key Dates