Form 4: Grocery Outlet Executive Luke D. Thompson Sells Shares to Cover Tax Obligations

Luke D. Thompson, EVP, GC and Secretary of Grocery Outlet Holding Corp., sold 1,568 shares of common stock on March 4, 2024, to cover tax obligations related to vesting RSUs.

Summary

• On March 4, 2024, Luke D. Thompson, EVP, GC and Secretary of Grocery Outlet Holding Corp., sold 1,568 shares of common stock.
• The shares were sold at a price of $26.33 per share.
• The sale 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 33,638 shares of Grocery Outlet Holding Corp.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the size of the sale relative to the executive's total holdings and the overall trading volume of the stock.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates