Form 4: Grocery Outlet Executive Sells Shares to Cover Tax Obligations

Andrea Renee Bortner, EVP and Chief Human Resources Officer of Grocery Outlet Holding Corp., sold 5,522 shares of common stock on March 8, 2024, to cover tax obligations.

Summary

• On March 8, 2024, Andrea Renee Bortner, EVP and Chief Human Resources Officer of Grocery Outlet Holding Corp., sold 5,522 shares of common stock at a price of $25.83 per share.
• The sale was executed to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted performance stock units.
• Following the transaction, Ms. Bortner directly owns 43,786 shares of Grocery Outlet Holding Corp.
• Ms. Bortner also indirectly owns 22,446 shares through the Bortner Family Trust, of which she is a Trustee.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a normal occurrence and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates