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 5,045 shares of common stock on March 4, 2024, to cover tax withholding obligations related to vesting RSUs.

Summary

• On March 4, 2024, Steven K. Wilson, the EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., sold 5,045 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, Wilson directly owns 217,631 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 convey strong positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future performance.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates