Form 4: Grocery Outlet Executive Acquires Shares Following PSU Vesting and RSU Grant

Steven K. Wilson, EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., acquired shares of common stock due to performance stock unit (PSU) vesting and received restricted stock units (RSUs).

Summary

• On February 29, 2024, Steven K. Wilson, EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., acquired 18,619 shares of common stock upon the vesting of performance stock units (PSUs).
• These PSUs were granted on March 4, 2021, and vested upon certification by the Issuer's Compensation Committee that certain performance-based vesting conditions had been satisfied.
• Additionally, on the same date, Wilson received 17,973 restricted stock units (RSUs).
• These RSUs will vest in three equal installments upon completion of each 12-month period of service from March 1, 2024, to March 1, 2027, subject to continued service.
• Following these transactions, Wilson directly owns 222,676 shares of Grocery Outlet Holding Corp. common stock.
• Wilson also holds unvested PSUs that could potentially vest, with a target achievement of 26,959 shares or a maximum achievement of 53,918 shares.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of executive stock transactions. The vesting of PSUs suggests positive performance, while the RSU grant is a standard compensation practice. Overall, the sentiment is neutral to slightly positive.

Positives

• The vesting of PSUs indicates that performance targets were met, which could be viewed positively.
• The grant of RSUs aligns the executive's interests with the long-term performance of the company.

Future Outlook

The RSUs will vest over a three-year period, subject to continued service, indicating a long-term incentive for the executive.

Industry Context

Form 4 filings are standard disclosures for company insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees may view the PSU vesting as a positive sign of company performance.

Key Dates