Form 4: Grocery Outlet Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Steven K. Wilson, EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., sold 6,682 shares of common stock on March 10, 2025, to cover tax obligations related to vesting performance stock units.
Summary
- On March 10, 2025, Steven K. Wilson, the EVP and Chief Purchasing Officer of Grocery Outlet Holding Corp., sold 6,682 shares of the company's common stock.
- The sale was executed at a price of $13.16 per share.
- This transaction was conducted to satisfy the reporting person's tax withholding obligations upon the vesting of previously granted performance stock units.
- Following the transaction, Wilson directly owns 166,923 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's overall confidence in the company.
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.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of stock sale transaction. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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