Form 4: SpartanNash Executive Amy S. McClellan Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Amy S. McClellan, EVP and Chief Customer Officer of SpartanNash Co, reports disposing of shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- Amy S. McClellan, an executive at SpartanNash Co, filed a Form 4 detailing the disposal of common stock.
- The transactions occurred on March 1, 2024.
- A total of 2,056 shares were disposed of at a price of $20.77 per share.
- These disposals were to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following these transactions, McClellan directly owns 13,908 shares of SpartanNash Co.
- McClellan has a Power of Attorney appointing Ileana McAlary, G. Charles Goode, Daniel C. Persinger, and Emily E. Cantor to act on her behalf in matters related to the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock disposal has a minor impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| December 20, 2023 | Date of Power of Attorney granted by Amy S. McClellan. |
| 03/01/2024 | Date of stock disposal transactions. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.