Form 4: SpartanNash Director Hawthorne L. Proctor Settles Restricted Stock Units for Common Stock
SEC Form 4
Director Hawthorne L. Proctor converted restricted stock units into SpartanNash common stock on May 22, 2024.
Summary
- On May 22, 2024, Hawthorne L. Proctor, a director of SpartanNash Co, settled 7,745 restricted stock units (RSUs), converting them into common stock.
- Following the transaction, Proctor directly owns 33,233 shares of SpartanNash common stock.
- The RSUs, granted on March 5, 2024, each represent the right to receive one share of SpartanNash common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard executive compensation transaction.
Industry Context
This is a routine disclosure related to insider transactions and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine conversion of equity compensation.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of Power of Attorney execution. |
| March 5, 2024 | Date the Restricted Stock Units (RSUs) were granted. |
| May 22, 2024 | Date of RSU settlement and conversion to common stock. |
| May 30, 2024 | Date of Form 4 signature. |
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