Form 4: Grocery Outlet Interim CEO Eric J. Lindberg Jr. Reports Stock Gift and Beneficial Ownership Changes

Interim CEO of Grocery Outlet, Eric J. Lindberg Jr., reported a gift of 50,000 shares of common stock to a charitable donor advised fund and updated his beneficial ownership holdings.

Summary

• Eric J. Lindberg Jr., the Interim President and CEO of Grocery Outlet Holding Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 3, 2024, Mr. Lindberg gifted 50,000 shares of common stock to a charitable donor advised fund.
• Following this transaction, Mr. Lindberg's direct ownership decreased, but he still holds a significant number of shares indirectly through various trusts.
• He beneficially owns 1,976,670 shares through the Lindberg Revocable Trust, 366,218 shares directly, 401,500 shares through the Lindberg Irrevocable Trust, and 460 shares each through his child and spouse.

Sentiment

Score: 6

Explanation: The document is a neutral disclosure of a stock transaction. It doesn't indicate positive or negative sentiment, but rather a routine reporting requirement.

Positives

• The gift of shares to a charitable donor advised fund may be viewed positively as it demonstrates a commitment to philanthropy.

Industry Context

This filing is a routine disclosure of insider transactions and is common for executives of publicly traded companies. It provides transparency into the ownership structure of the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Other executives at similar companies like Dollar General or Dollar Tree would also be required to file similar forms when they have transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a personal transaction of an executive.
• The gift to a charitable donor advised fund may have a positive impact on the community.

Key Dates

Keywords

Grocery Outlet, Eric J. Lindberg Jr., Form 4, Beneficial Ownership, Stock Gift, Charitable Donation, Insider Trading, Executive Compensation