Form 4: SpartanNash CEO Tony B. Sarsam Awarded 72,528 Restricted Stock Units

Tony B. Sarsam, President and CEO of SpartanNash Co, received 72,528 Restricted Stock Units (RSUs) on March 13, 2024, under the company's 2020 Stock Incentive Plan.

Summary

• On March 13, 2024, Tony B. Sarsam, the President and CEO of SpartanNash Co, was granted 72,528 Restricted Stock Units (RSUs) under the company's 2020 Stock Incentive Plan.
• These RSUs represent the right to receive one share of SpartanNash common stock upon vesting.
• The RSUs will vest in three equal installments: one-third on March 15, 2025, another third on March 1, 2026, and the final third on March 1, 2027.
• Prior to vesting, the RSUs are subject to restrictions as outlined in the Plan and the terms of the grant.
• A power of attorney is in place, authorizing Ileana McAlary, G. Charles Goode, Daniel C. Persinger, and Emily E. Cantor to act on behalf of Tony B. Sarsam in matters related to securities filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and generally viewed favorably as it aligns management's interests with shareholders. There are no negative indicators in the document.

Positives

• The grant of RSUs aligns the CEO's interests with those of the shareholders, incentivizing long-term performance.
• The vesting schedule encourages continued service and commitment from the CEO over the next three years.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Granting stock-based compensation is a common practice to align executive incentives with shareholder value in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation for CEOs in the retail and distribution industry varies widely based on company size, performance, and individual contribution.
• Companies like Kroger, Walmart, and Sysco also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedule of the RSUs is fairly standard, with three-year vesting being a common practice.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's interests with shareholder value.
• Employees: The grant could have a positive impact on employee morale as it signals confidence in the company's future.

Key Dates