Form 4: SpartanNash Executive Bennett Morgan Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
EVP and Chief Merchandising Officer of SpartanNash, Bennett Morgan, reports disposing of shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- Bennett Morgan, EVP and Chief Merchandising Officer of SpartanNash Co, reported the disposal of common stock on March 1, 2025, to cover tax withholding obligations.
- A total of 2,013 shares were disposed of at a price of $20.19 per share.
- The transactions resulted in a decrease in Mr. Morgan's direct holdings of SpartanNash common stock from 9,666 to 8,609 shares.
- The disposals were related to tax obligations arising from the vesting of restricted stock previously granted to Mr. Morgan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. 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 dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of Power of Attorney granted by Bennett Morgan. |
| March 1, 2025 | Date of stock disposal transactions. |
| March 4, 2025 | Date of signature on the Form 4 filing. |
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