Form 4: Grocery Outlet Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Steven K. Wilson, EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., sold 6,477 shares of common stock on March 4, 2025, to cover tax obligations related to vesting RSUs.
Summary
- On March 4, 2025, Steven K. Wilson, the EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., sold 6,477 shares of common stock.
- The sale was executed at a price of $11.34 per share.
- This transaction was conducted to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted Restricted Stock Units (RSUs).
- Following the transaction, Wilson directly owns 173,605 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's a transaction investors monitor for potential insights into executive sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of stock sale transaction. |
| 03/06/2025 | Date of signature for the Form 4 filing. |
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