Form 4: Grocery Outlet Director Lindberg Sells Shares to Cover Tax Obligations

Director Eric J. Lindberg Jr. sold 29,536 shares of Grocery Outlet Holding Corp. to cover tax obligations related to vested RSUs.

Summary

• Eric J. Lindberg Jr., a director of Grocery Outlet Holding Corp., sold 29,536 shares of common stock on February 4, 2025, at a price of $16.88 per share.
• The sale was executed to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs) that were previously granted on October 30, 2024, in connection with his appointment as Interim President and Chief Executive Officer.
• Lindberg directly owns 119,874 shares and indirectly owns 1,976,670 shares through the Lindberg Family Revocable Trust, 401,500 shares through the Lindberg Irrevocable Trust, 460 shares by child and 460 shares by spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects a routine transaction to cover tax obligations, which is a normal part of executive compensation. It doesn't inherently indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by a director could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Grocery Outlet Holding Corp, GO, Eric J. Lindberg Jr., Share Sale, RSUs, Tax Obligations, Director, Beneficial Ownership