Form 4: Grocery Outlet SVP Acquires Shares Through PSU Vesting and RSU Grant

Lindsay E. Gray, SVP of Accounting at Grocery Outlet Holding Corp., acquired shares of common stock through the vesting of performance stock units (PSUs) and the grant of restricted stock units (RSUs).

Summary

• On February 29, 2024, Lindsay E. Gray, SVP of Accounting at Grocery Outlet Holding Corp., acquired 4,656 shares of common stock due to the vesting of performance stock units (PSUs).
• These PSUs were granted on March 4, 2021, and vested upon certification by the Issuer's Compensation Committee that certain performance-based vesting conditions had been met.
• Additionally, on the same date, Gray received a grant of 8,015 restricted stock units (RSUs).
• These RSUs will vest in three equal installments upon completion of each 12-month period of service from March 1, 2024, to March 1, 2027, contingent upon continued service.
• Following these transactions, Gray beneficially owns 41,777 shares of Grocery Outlet Holding Corp. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document simply reports stock transactions by an executive, which is a routine part of executive compensation. The vesting of PSUs suggests that performance targets were met, which is mildly positive.

Positives

• The vesting of PSUs indicates that performance goals were met, which is a positive signal.
• The grant of RSUs aligns the executive's interests with the long-term performance of the company.

Future Outlook

The executive's holdings will increase over time as the RSUs vest, assuming continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates