Form 4: SpartanNash Director Fred Bentley Awarded Restricted Stock Units

Director Fred Bentley received 7,745 Restricted Stock Units (RSUs) of SpartanNash Co, which will vest on March 15, 2025.

Summary

• Fred Bentley, a director of SpartanNash Co, was awarded 7,745 Restricted Stock Units (RSUs) on March 5, 2024.
• These RSUs are granted under the SpartanNash Company 2020 Stock Incentive Plan.
• Each RSU represents the right to receive one share of SpartanNash common stock upon vesting.
• The RSUs will vest on March 15, 2025, and prior to vesting, they are subject to restrictions according to the plan's terms.

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.

Positives

• The award of RSUs aligns the director's interests with those of the shareholders, incentivizing him to work towards the company's success.

Future Outlook

The director will receive shares of SpartanNash common stock upon the vesting of the RSUs on March 15, 2025, subject to the terms of the 2020 Stock Incentive Plan.

Industry Context

The granting of RSUs is a common practice in corporate governance to incentivize directors and align their interests with those of the shareholders.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the director to work towards the company's long-term success.
• The director benefits from the potential future value of the RSUs.

Next Steps

• The director will hold the RSUs until the vesting date.
• Upon vesting on March 15, 2025, the RSUs will convert into shares of SpartanNash common stock.

Key Dates