Form 4: SpartanNash Director Jaymin B. Patel Settles Restricted Stock Units
SEC Form 4
Director Jaymin B. Patel converted Restricted Stock Units into SpartanNash common stock on March 15, 2025.
Summary
- On March 15, 2025, Jaymin B. Patel, a director of SpartanNash Co, settled 7,745 Restricted Stock Units (RSUs), converting them into an equal number of SpartanNash common stock shares.
- The RSUs, granted on March 5, 2024, each represent the right to receive one share of SpartanNash common stock.
- Following the transaction, Patel directly owns 26,192 shares of SpartanNash common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, simply a reporting of a standard transaction related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine conversion of existing equity awards.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of Power of Attorney granted by Jaymin B. Patel. |
| March 5, 2024 | Date the Restricted Stock Units (RSUs) were granted to Jaymin B. Patel. |
| March 15, 2025 | Date of the transaction where RSUs were settled and converted into SpartanNash common stock. |
| March 18, 2025 | Date of the Form 4 filing. |
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