Form 4: Grocery Outlet EVP, Chief Stores Officer, Pamela B. Burke, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Pamela B. Burke, EVP, Chief Stores Officer of Grocery Outlet Holding Corp., sold 4,419 shares of common stock on March 4, 2024, to cover tax obligations related to vesting RSUs.
Summary
- On March 4, 2024, Pamela B. Burke, the EVP, Chief Stores Officer of Grocery Outlet Holding Corp., sold 4,419 shares of common stock.
- The shares were sold at a price of $26.33 per share.
- The sale was executed to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted Restricted Stock Units (RSUs).
- Following the transaction, Burke directly owns 77,836 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Sales of shares by company executives are a common occurrence, often related to compensation and tax planning. It's important to consider the size of the sale relative to the executive's total holdings and the overall trading volume of the stock.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Pamela B. Burke sold 4,419 shares of Grocery Outlet Holding Corp. common stock. |
| 03/06/2024 | Date of signature for the Form 4 filing. |
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