Form 4: Grocery Outlet Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lindsay E. Gray, Interim CFO and SVP of Accounting at Grocery Outlet Holding Corp., sold 1,677 shares of common stock on March 8, 2024, to cover tax withholding obligations.
Summary
- On March 8, 2024, Lindsay E. Gray, the Interim CFO and SVP of Accounting at Grocery Outlet Holding Corp., sold 1,677 shares of the company's common stock.
- The sale was executed at a price of $25.83 per share.
- The purpose of the sale was to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted performance stock units.
- Following the transaction, Gray directly owns 38,273 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's sentiment about the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock sale transaction |
| 03/11/2024 | Date of signature on the Form 4 filing |
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