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

Calvin Chung, SVP and Chief Store Development Officer at Grocery Outlet Holding Corp., sold 1,390 shares of common stock on March 4, 2024, to cover tax withholding obligations related to vesting RSUs.

Summary

• On March 4, 2024, Calvin Chung, SVP, Chief Store Development Officer of Grocery Outlet Holding Corp., sold 1,390 shares of common stock.
• The sale was executed at a price of $26.33 per share.
• The transaction was to satisfy the reporting person's tax withholding obligation upon vesting of previously granted Restricted Stock Units (RSUs).
• Following the transaction, Chung directly owns 26,522 shares of Grocery Outlet Holding Corp.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context of tax obligations.

Key Dates