Form 4: SpartanNash Executive Ileana McAlary Awarded Restricted Stock Units
SEC Form 4
EVP, CLO, and Secretary of SpartanNash Co, Ileana McAlary, received 9,810 Restricted Stock Units (RSUs) under the company's 2024 Stock Incentive Plan.
Summary
- On March 11, 2025, Ileana McAlary, EVP, CLO, and Secretary of SpartanNash Co, was granted 9,810 Restricted Stock Units (RSUs) under the SpartanNash Company 2024 Stock Incentive Plan.
- These RSUs represent the right to receive one share of SpartanNash common stock upon vesting.
- One-third of the RSUs will vest on each of March 15, 2026, March 1, 2027, and March 1, 2028.
- Prior to vesting, the RSUs will remain subject to restrictions in accordance with the Plan and the terms of the grant.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of executive compensation, which is generally viewed neutrally. The vesting schedule suggests a long-term commitment, which is a positive signal.
Positives
- The grant of RSUs aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The document does not contain any specific forward-looking statements beyond the vesting schedule of the RSUs.
Industry Context
Granting stock-based compensation is a common practice in the industry to incentivize executives and align their interests with those of the shareholders. The vesting schedule is typical for such grants.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies, including competitors like Kroger, Walmart, and Target.
- The vesting schedule of one-third each year for three years is a standard vesting schedule for RSU grants.
- The value of the RSU grant is likely determined based on industry benchmarks and the executive's performance.
Stakeholder Impact
- Shareholders may view the RSU grant as a positive incentive for the executive to improve company performance.
- Employees may see the grant as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of transaction: Ileana McAlary was granted 9,810 Restricted Stock Units. |
| 03/15/2026 | One-third of the RSUs will vest. |
| 03/01/2027 | One-third of the RSUs will vest. |
| 03/01/2028 | One-third of the RSUs will vest. |
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