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

Director Eric J. Lindberg Jr. of Grocery Outlet Holding Corp. sold 7,460 shares of common stock on March 4, 2024, to cover tax obligations related to vesting RSUs.

Summary

• On March 4, 2024, Eric J. Lindberg Jr., a director of Grocery Outlet Holding Corp., sold 7,460 shares of common stock.
• The sale was executed at a price of $26.33 per share.
• The transaction was conducted to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted Restricted Stock Units (RSUs).
• Following the transaction, Lindberg directly owns 99,663 shares.
• Lindberg also indirectly owns 2,026,670 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: 5

Explanation: The document describes a routine transaction (sale of shares for tax obligations) by a company director, which is neither particularly positive nor negative.

Industry Context

Sales of shares by company directors are a common occurrence, often related to tax obligations or portfolio diversification. The impact on the stock price is usually minimal unless the sale is substantial or part of a larger trend.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates