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

Lindsay E. Gray, Interim CFO and SVP of Accounting at Grocery Outlet Holding Corp., sold 1,827 shares of common stock on March 4, 2024, to satisfy tax withholding obligations related to vesting RSUs.

Summary

• On March 4, 2024, Lindsay E. Gray, the Interim CFO and SVP of Accounting at Grocery Outlet Holding Corp., sold 1,827 shares of the company's common stock.
• The shares were sold at a price of $26.33 per share.
• The transaction was executed to cover the reporting person's tax withholding obligations upon the vesting of previously granted Restricted Stock Units (RSUs).
• Following the transaction, Gray directly owns 39,950 shares of Grocery Outlet Holding Corp. common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Executive share sales for tax purposes are a common occurrence, particularly around RSU vesting events. This transaction is unlikely to be indicative of a broader trend or concern regarding the company's performance.

Stakeholder Impact

• The sale of shares by an executive could have a minor dilutive effect on existing shareholders, but the impact is likely insignificant given the small number of shares involved.

Key Dates