Form 4: Grocery Outlet SVP Acquires Shares and Options Following PSU Vesting

Lindsay E. Gray, SVP of Accounting at Grocery Outlet Holding Corp., acquired shares and options due to performance stock unit (PSU) vesting and a new option grant.

Summary

• On February 28, 2025, Lindsay E. Gray, SVP of Accounting at Grocery Outlet Holding Corp., acquired 5,916 shares of common stock upon the vesting of performance stock units (PSUs).
• These PSUs were granted on March 3, 2022, and vested after the Issuer's Compensation Committee certified that certain performance-based vesting conditions were met.
• Additionally, Gray was granted 45,650 stock options on February 28, 2025, with an exercise price of $11.87.
• These options vest in three equal installments on March 1 of 2026, 2027, and 2028, contingent upon continued service.
• Following these transactions, Gray directly owns 44,189 shares of Grocery Outlet Holding Corp. common stock and 45,650 stock options.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock and option grants, indicating alignment of management with shareholder interests, but doesn't necessarily signal strong positive or negative outlook.

Positives

• The vesting of PSUs indicates that performance goals were met, which could be viewed positively.
• The grant of stock options aligns the executive's interests with those of the shareholders, incentivizing future performance.

Future Outlook

The document mentions unvested PSUs that are eligible to vest upon the achievement of certain performance-based vesting conditions, indicating potential future stock acquisitions.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the actions of company executives.

Stakeholder Impact

• The transactions could have a minor positive impact on shareholder confidence due to the alignment of executive interests with company performance.

Key Dates