Form 4: SpartanNash CEO Tony B. Sarsam Disposes of Shares to Cover Tax Obligations
SEC Form 4
CEO Tony B. Sarsam disposed of shares of SpartanNash stock to cover tax withholding obligations related to the vesting of restricted stock.
Summary
- On March 1, 2025, Tony B. Sarsam, the President and CEO of SpartanNash Co, disposed of 9,297 shares of common stock at a price of $20.19.
- Following this transaction, Sarsam directly owns 140,804 shares.
- An additional 7,349 shares were disposed of at $20.19, resulting in a direct ownership of 133,455 shares.
- The disposals were to satisfy tax withholding obligations related to the vesting of restricted stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes.
Industry Context
Executive stock transactions are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into an executive's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of Power of Attorney granted by Tony B. Sarsam. |
| March 1, 2025 | Date of stock disposal transactions. |
| March 4, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SpartanNash, Insider Trading, Tony B. Sarsam, Executive Compensation, Stock Disposal, Tax Obligations, Restricted Stock, SPTN
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