Form 4: Grocery Outlet Director Lindberg Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Eric J. Lindberg Jr. of Grocery Outlet Holding Corp. sold shares to cover tax obligations arising from the vesting of performance stock units.
Summary
- On March 10, 2025, Eric J. Lindberg Jr., a director of Grocery Outlet Holding Corp., sold 35,438 shares of common stock at a price of $13.16 per share.
- The sale was executed to satisfy the reporting person's tax withholding obligation upon the vesting of performance stock units previously granted.
- Following the transaction, Lindberg directly owns 158,013 shares.
- 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: 5
Explanation: This is a neutral transaction related to tax obligations, and doesn't necessarily indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/14/2006 | Date of Lindberg Family Revocable Trust u/a/d |
| 05/12/2017 | Date of Lindberg Irrevocable Trust u/a/d |
| 03/10/2025 | Date of transaction: Sale of shares |
| 03/11/2025 | Date of signature |
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