SPTN.Spartannash CO

Form 4: SpartanNash Executive Masiar Tayebi Disposes of Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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EVP and Chief Strategy Officer of SpartanNash Co, Masiar Tayebi, disposed of 574 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock.

Summary

  • Masiar Tayebi, EVP and Chief Strategy Officer of SpartanNash Co, reported a transaction on May 25, 2024, involving the disposal of 574 shares of common stock.
  • The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock.
  • The transaction was executed at a price of $20.43 per share.
  • Following the transaction, Tayebi directly owns 17,372 shares of SpartanNash Co.
  • The reporting was filed on May 29, 2024.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's outlook.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock vesting.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates

DateDescription
March 1, 2023Date of Power of Attorney granted to Ileana McAlary, G. Charles Goode, Daniel C. Persinger, and Emily E. Cantor.
05/25/2024Date of the transaction where 574 shares were disposed of to cover tax obligations.
05/29/2024Date the Form 4 was signed and filed.

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