Form 4: Simply Good Foods Co. Executive Amy C. Held Reports Stock Award

Amy C. Held, SVP and CHRO of Simply Good Foods Co., was granted 8,064 restricted stock units (RSUs) on November 8, 2024, which vest over three years.

Summary

• Amy C. Held, a Senior Vice President and Chief Human Resources Officer at Simply Good Foods Co., received 8,064 restricted stock units (RSUs) on November 8, 2024.
• These RSUs were granted under the company's 2017 Omnibus Incentive Plan.
• Each RSU represents the right to receive one share of Simply Good Foods Co. common stock.
• The RSUs will vest in three equal annual installments, starting on November 8, 2025, contingent on Ms. Held's continued employment with the company.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of RSUs aligns executive compensation with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Risks

• The value of the RSUs is dependent on the future stock price of Simply Good Foods Co., which is subject to market fluctuations.
• The vesting of the RSUs is contingent on the executive's continued employment, creating a potential risk of forfeiture if employment is terminated.

Future Outlook

The vesting of the RSUs is contingent on the executive's continued employment with the company.

Industry Context

The granting of restricted stock units is a common practice in executive compensation, aligning the interests of management with those of shareholders.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units as part of their executive compensation packages.
• The three-year vesting schedule is a typical timeframe for such grants, designed to incentivize long-term performance and retention.
• Companies like Kellogg's and General Mills also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive interests with company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock units, RSU, executive compensation, stock award, Simply Good Foods Co, equity, vesting