Form 4: SpartanNash EVP, CFO Jason Monaco, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Jason Monaco, EVP and CFO of SpartanNash Co, disposed of 2,975 shares of common stock on March 22, 2024, to cover tax withholding obligations related to the vesting of restricted stock.
Summary
- On March 22, 2024, Jason Monaco, the EVP and Chief Financial Officer of SpartanNash Co, disposed of 2,975 shares of common stock.
- The transaction was executed at a price of $20.02 per share.
- The disposal was to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Monaco directly owns 46,241 shares of SpartanNash Co.
- The reporting was filed on March 26, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. This transaction is not necessarily indicative of the company's performance or future prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of Power of Attorney granted by Jason Monaco. |
| 03/22/2024 | Date of transaction: Disposal of 2,975 shares of SpartanNash Co common stock. |
| 03/26/2024 | Date of Form 4 filing. |
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