Form 4: SpartanNash Executive Jason Monaco Awarded Restricted Stock Units
SEC Form 4 Filing
EVP and CFO of SpartanNash, Jason Monaco, receives 17,579 restricted stock units (RSUs) under the company's 2024 Stock Incentive Plan.
Summary
- Jason Monaco, EVP and Chief Financial Officer of SpartanNash Co, was granted 17,579 Restricted Stock Units (RSUs) on January 24, 2025.
- The RSUs were awarded under the SpartanNash Company 2024 Stock Incentive Plan.
- These RSUs will vest on January 24, 2026, and each RSU represents the right to receive one share of SpartanNash common stock upon vesting.
- Prior to vesting, the RSUs are subject to restrictions according to the Plan's terms.
- Following the transaction, Monaco directly owns 39,362 shares of SpartanNash common stock.
- The reporting was filed by Ileana McAlary, as Attorney-in-Fact for Jason Monaco, on January 28, 2025.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.
Positives
- The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.
- The vesting period of one year encourages continued service and commitment to the company.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting date of the RSUs.
Industry Context
Executive compensation through stock-based awards is a common practice in publicly traded companies to align management's interests with those of shareholders. The specific terms of the SpartanNash Company 2024 Stock Incentive Plan would provide further context.
Comparison to Industry Standards
- Stock-based compensation for executives is a standard practice across the industry.
- Companies like Kroger, Albertsons, and Sysco also utilize stock options and restricted stock units as part of their executive compensation packages.
- The vesting schedule of one year is fairly standard, although some companies may use longer or shorter vesting periods depending on their specific goals.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it aligns executive compensation with company performance.
- Employees may see it as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of Power of Attorney granted by Jason Monaco. |
| January 24, 2025 | Date of the RSU transaction. |
| January 24, 2026 | Vesting date of the RSUs. |
| January 28, 2025 | Date the Form 4 was signed. |
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