Form 4: Grocery Outlet Executive Luke D. Thompson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Luke D. Thompson, EVP, GC and Secretary of Grocery Outlet Holding Corp., sold 1,332 shares of common stock on May 21, 2024, to cover tax obligations related to vesting RSUs.
Summary
- On May 21, 2024, Luke D. Thompson, EVP, GC and Secretary of Grocery Outlet Holding Corp., sold 1,332 shares of common stock.
- The shares were sold at a price of $22.43 per share.
- The transaction was executed to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted Restricted Stock Units (RSUs).
- Following the transaction, Thompson directly owns 32,306 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. This transaction appears to be a routine sale to cover tax obligations associated with vested RSUs.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder perception, but is unlikely to be significant given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of the stock sale transaction. |
| 05/22/2024 | Date of signature for the Form 4 filing. |
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