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

Andrea Renee Bortner, EVP and Chief Human Resources Officer at Grocery Outlet Holding Corp., sold 4,112 shares of common stock to cover tax obligations related to vesting RSUs.

Summary

• On March 4, 2024, Andrea Renee Bortner, EVP and Chief Human Resources Officer of Grocery Outlet Holding Corp., sold 4,112 shares of common stock at a price of $26.33 per share.
• The sale was executed to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted Restricted Stock Units (RSUs).
• Following the transaction, Ms. Bortner directly owns 49,308 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: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's prospects.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price, unless it signals a broader trend of insider selling.

Key Dates