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

Pamela B. Burke, EVP, Chief Stores Officer of Grocery Outlet Holding Corp., sold 5,764 shares of common stock on March 8, 2024, to cover tax obligations related to vesting performance stock units.

Summary

• On March 8, 2024, Pamela B. Burke, the EVP, Chief Stores Officer of Grocery Outlet Holding Corp., sold 5,764 shares of the company's common stock.
• The sale was executed at a price of $25.83 per share.
• The transaction was conducted to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted performance stock units.
• Following the transaction, Burke directly owns 72,072 shares of Grocery Outlet Holding Corp.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't convey any strong positive or negative sentiment.

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.

Stakeholder Impact

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

Key Dates