Form 4: SpartanNash EVP Sells Shares Post-Merger

SpartanNash EVP Chief Supply Chain Officer David J. Petko disposed of all his common stock, restricted stock units, and performance-based restricted stock units following the company's acquisition by C&S Wholesale Grocers, LLC for $26.90 per share.

Summary

• David J. Petko, EVP Chief Supply Chain Officer of SpartanNash Co, reported transactions related to the company's acquisition.
• C&S Wholesale Grocers, LLC acquired SpartanNash Company on September 22, 2025, pursuant to an Agreement and Plan of Merger dated June 22, 2025.
• All outstanding SpartanNash common stock was cancelled immediately prior to the effective time of the merger and converted into the right to receive a cash payment of $26.90 per share.
• Mr. Petko disposed of 13,364 shares of common stock at a price of $26.90 per share.
• His 23,147 Restricted Stock Units (RSUs) automatically vested, were cancelled, and converted into a cash payment of $26.90 per share.
• His 57,880 Performance-based Restricted Stock Units (PSUs) vested at the greater of the target number of shares or actual performance level, were cancelled, and converted into a cash payment of $26.90 per share.
• Following these transactions, Mr. Petko beneficially owns 0.00 shares of common stock and derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is positive for the executive as they received a substantial cash payout for all their equity holdings due to the merger, indicating a successful realization of their equity compensation. For the company, the sentiment is neutral as it has been acquired and is no longer publicly traded.

Positives

• The reporting person received a cash payout for all equity holdings (common stock, RSUs, and PSUs) at a price of $26.90 per share/unit.
• Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs) automatically vested upon the merger's completion, ensuring a payout for the executive's equity compensation.

Negatives

• SpartanNash Company is no longer an independent publicly traded entity, which eliminates any future equity upside for former shareholders.
• The cash payment received is subject to applicable withholding for taxes.

Risks

• The filing itself is a post-merger transaction report and does not introduce new risks for the acquired company's former shareholders. The primary risk associated with the merger (e.g., failure to close) has already been resolved.

Future Outlook

This filing reports post-merger insider transactions and does not provide any forward-looking statements or guidance regarding the future operations or financial performance of the acquired entity.

Industry Context

This transaction reflects the ongoing consolidation trend within the grocery and food distribution industry, where larger entities like C&S Wholesale Grocers are acquiring competitors to expand their market presence, enhance supply chain efficiencies, and achieve strategic synergies.

Stakeholder Impact

• Shareholders: Received a cash payment of $26.90 per share, concluding their investment in SpartanNash Company.
• Employees (specifically David J. Petko): Received cash for their equity compensation, including vested Restricted Stock Units and Performance-based Restricted Stock Units.

Key Dates

Keywords

SpartanNash, SPTN, C&S Wholesale Grocers, Merger, Acquisition, Form 4, Insider Transaction, David J. Petko, Restricted Stock Units, Performance Stock Units, Equity Compensation, Supply Chain Officer