Form 4: SpartanNash Director Fred Bentley Awarded Restricted Stock Units

Sentiment:

SEC Form 4


Director Fred Bentley received 7,847 Restricted Stock Units (RSUs) from SpartanNash Co, vesting on March 15, 2026.

Summary

  • Fred Bentley, a director of SpartanNash Co, was granted 7,847 Restricted Stock Units (RSUs) on March 11, 2025.
  • The RSUs were awarded under the SpartanNash Company 2024 Stock Incentive Plan.
  • These RSUs will vest on March 15, 2026, and each RSU represents the right to receive one share of SpartanNash common stock upon vesting.
  • Prior to vesting, the RSUs are subject to restrictions according to the plan's terms.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate practice of equity compensation, which is generally viewed positively as it aligns management and shareholder interests. There are no indications of negative news or concerns.

Positives

  • The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of equity compensation is common for directors and executives in publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

  • Equity compensation for board members is a standard practice across publicly listed companies.
  • The amount of RSUs granted would need to be compared against similar companies in the grocery distribution and retail industry to assess its relative value.
  • Companies like Kroger, Albertsons, and Sysco also utilize equity grants as part of their director compensation packages.

Stakeholder Impact

  • The RSU grant could have a slightly positive impact on shareholder sentiment as it aligns director interests with company performance.

Key Dates

DateDescription
November 8, 2023Date of Power of Attorney execution.
March 11, 2025Date of RSU transaction.
March 13, 2025Date of signature by Attorney-in-Fact.
March 15, 2026Vesting date of the RSUs.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.