Form 4: Grocery Outlet Executive Andrea Bortner Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Andrea Bortner, EVP and Chief Human Resources Officer at Grocery Outlet Holding Corp., sold shares of common stock to cover tax withholding obligations.
Summary
- Andrea Bortner, an executive at Grocery Outlet Holding Corp., sold shares of the company's common stock on March 10, 2025.
- The sales were executed in two transactions at prices of $13.14 and $13.16 per share.
- A total of 3,091 shares were sold at $13.14 and 5,506 shares were sold at $13.16.
- These sales were made to satisfy tax withholding obligations related to the vesting of performance stock units.
- Following the transactions, Bortner directly owns 29,037 shares and indirectly owns 31,167 shares through the Bortner Family Trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to insider trading. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Insider sales are a common occurrence, especially when executives exercise stock options or performance-based equity awards. These sales are often planned to cover tax liabilities and diversify personal holdings. The filing of Form 4 with the SEC ensures transparency in these transactions.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of stock sale transactions. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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