Form 4: Grocery Outlet Executive Receives Equity Grant

Paul Blaine Miller, EVP of Grocery Outlet, was granted 27,431 RSUs and 41,146 performance-based stock units.

Summary

• Paul Blaine Miller, EVP, Chief Purchasing & Merchandising Officer, received an equity grant on June 15, 2026.
• The grant includes 27,431 restricted stock units (RSUs) vesting in three equal annual installments starting May 20, 2027.
• The grant also includes 41,146 performance-based stock units (PSUs) tied to share price goals over a three-year period ending in fiscal year 2028.
• The reporting person's total beneficial ownership following the transaction is 49,171 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding executive compensation, which is neutral in terms of immediate market impact.

Positives

• Equity-based compensation aligns executive interests with long-term shareholder value creation.
• Performance-based units (PSUs) incentivize the achievement of specific share price targets.

Negatives

• The grant results in potential future dilution for existing shareholders upon the vesting and issuance of common stock.

Risks

• Vesting of PSUs is contingent upon achieving specific share price goals, which may not be met.
• Continued employment is a requirement for the vesting of both RSUs and PSUs.

Future Outlook

The PSUs are subject to a three-year performance period ending at the close of fiscal year 2028, with payout ranging from 0% to 200% based on share price performance.

Management Comments

• The reporting person serves as the EVP, Chief Purchasing & Merchandising Officer.

Industry Context

StockSavvy.ai notes that equity grants for key executives are standard practice in the retail sector to ensure leadership retention and alignment with long-term strategic performance goals.

Comparison to Industry Standards

• The use of time-based RSUs and performance-based PSUs is consistent with standard executive compensation packages for publicly traded retail companies.
• Three-year vesting schedules are typical for executive equity incentive plans in the U.S. market.

Stakeholder Impact

• Shareholders may experience minor dilution upon the eventual vesting and settlement of these equity awards.

Next Steps

• Vesting of RSU installments on May 20 of 2027, 2028, and 2029.
• Certification of PSU performance goals by the Compensation Committee following the end of fiscal year 2028.

Key Dates

Keywords

Grocery Outlet, GO, Form 4, Insider Trading, Equity Compensation, Executive Compensation