Form 4: SpartanNash Co Executive Reports Stock Vesting and Tax Withholding
SEC Form 4
Robert Todd Riksen, VP, Corporate Controller of SpartanNash Co, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 15, 2025, Robert Todd Riksen, VP, Corporate Controller of SpartanNash Co, had 1,307 restricted stock units (RSUs) vest and convert into common stock.
- SpartanNash withheld 374 shares at a price of $20.07 to cover tax obligations related to the RSU vesting.
- Following the transaction, Riksen directly owns 12,939.57 shares of SpartanNash common stock.
- Riksen also directly owns 2,614 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine compensation practices. It doesn't inherently signal positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of Power of Attorney granted to ILEANA MCALARY, G. CHARLES GOODE, DANIEL C. PERSINGER, and EMILY E. CANTOR. |
| March 5, 2024 | Date 3,921 RSUs were granted, vesting in three tranches. |
| March 15, 2025 | Date of RSU vesting and tax withholding. |
| March 1, 2026 | Next vesting date for RSUs. |
| March 1, 2027 | Final vesting date for RSUs. |
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