Form 4: Grocery Outlet SVP, Accounting, Lindsay E. Gray, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lindsay E. Gray, SVP, Accounting at Grocery Outlet Holding Corp., sold 2,741 shares of common stock on March 4, 2025, to cover tax obligations related to vesting RSUs.
Summary
- On March 4, 2025, Lindsay E. Gray, SVP, Accounting at Grocery Outlet Holding Corp., sold 2,741 shares of common stock.
- The shares were sold at a price of $11.34 per share.
- The sale was to satisfy the reporting person's tax withholding obligation upon the vesting of previously granted Restricted Stock Units (RSUs).
- Following the transaction, Gray directly owns 41,448 shares of Grocery Outlet Holding Corp.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction to cover tax obligations. It doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations when RSUs vest.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: Lindsay E. Gray sold 2,741 shares of Grocery Outlet Holding Corp. common stock. |
| 03/06/2025 | Date of signature for the Form 4 filing. |
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