Form 4: Grocery Outlet EVP Steven K. Wilson Sells Shares to Cover Tax Obligations

Steven K. Wilson, EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., sold 6,700 shares of common stock on March 8, 2024, to satisfy tax withholding obligations.

Summary

• On March 8, 2024, Steven K. Wilson, the EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., sold 6,700 shares of the company's common stock.
• The shares were sold at a price of $25.83 per share.
• The transaction was executed to cover the reporting person's tax withholding obligations related to the vesting of previously granted performance stock units.
• Following the transaction, Wilson directly owns 210,931 shares of Grocery Outlet Holding Corp.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook.

Stakeholder Impact

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

Key Dates