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 1,133 shares of common stock on March 10, 2025, to cover tax obligations related to vesting performance stock units.
Summary
- On March 10, 2025, Luke D. Thompson, EVP, GC and Secretary of Grocery Outlet Holding Corp., sold 1,133 shares of common stock.
- The sale was executed at a price of $13.16 per share.
- The transaction was to satisfy the reporting person's tax withholding obligation upon vesting of performance stock units previously granted.
- Following the transaction, Thompson directly owns 31,167 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction appears to be related to tax obligations and may not necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a small transaction by an individual executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of stock sale transaction |
| 03/11/2025 | Date of signature on the Form 4 filing |
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