Form 4: SpartanNash Executive Masiar Tayebi Disposes of Shares to Cover Tax Obligations
SEC Form 4
Masiar Tayebi, EVP and Chief Strategy Officer of SpartanNash Co, disposed of shares to cover tax withholding obligations related to the vesting of restricted stock.
Summary
- On March 1, 2025, Masiar Tayebi, EVP and Chief Strategy Officer of SpartanNash Co, disposed of 1,087 shares at $20.19 and 1,034 shares at $20.19 to cover tax obligations.
- Following these transactions, Tayebi directly owns 15,251 shares of SpartanNash Co.
- The shares were withheld by SpartanNash Company to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock, the grant of which was previously reported.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax obligations. These transactions are closely monitored by investors for insights into executive sentiment and company performance.
Stakeholder Impact
- The transaction has a minimal 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 |
|---|---|
| March 1, 2023 | Date of Power of Attorney granted by Masiar Tayebi. |
| March 1, 2025 | Date of stock disposal transactions. |
| March 4, 2025 | Date of Form 4 signature. |
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