Form 4: SpartanNash Director Jaymin B. Patel Awarded Restricted Stock Units

Director Jaymin B. Patel received 7,847 Restricted Stock Units (RSUs) from SpartanNash Co. on March 11, 2025, which will vest on March 15, 2026.

Summary

• Jaymin B. Patel, a director of SpartanNash Co., was granted 7,847 Restricted Stock Units (RSUs) on March 11, 2025.
• These RSUs were awarded under the company's 2024 Stock Incentive Plan.
• The 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 sentiment is neutral to positive. The granting of RSUs is a standard practice that aligns director and shareholder interests, which is generally viewed favorably.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing long-term value creation.
• The vesting period of over a year encourages sustained commitment and performance.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the RSUs.

Industry Context

Granting stock-based compensation is a common practice to align the interests of company directors with those of shareholders. This aligns with standard corporate governance practices.

Comparison to Industry Standards

• Stock grants to directors are a common practice among publicly traded companies, including competitors like Kroger, Albertsons, and Sysco.
• The vesting schedule of the RSUs is typical, often ranging from one to three years to incentivize long-term commitment.
• The size of the grant is relative to the director's role and the company's overall compensation strategy, which is not detailed in this document.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholder value creation.
• Employees: The grant reflects the company's compensation strategy and commitment to incentivizing key personnel.

Key Dates