Form 4: SpartanNash VP, Corporate Controller Reports Routine Stock Transactions
Insider Transaction Report
Robert Todd Riksen, VP, Corporate Controller of SpartanNash Co., reported the withholding of 149 shares for tax obligations and the acquisition of 61 shares through the Employee Stock Purchase Plan.
Summary
- Robert Todd Riksen, VP, Corporate Controller at SpartanNash Co. (SPTN), filed a Form 4 detailing recent changes in his beneficial ownership of company common stock.
- On May 24, 2025, 149 shares of common stock were disposed of at a price of $18.81 per share. This disposition was a withholding by SpartanNash Company to satisfy tax obligations related to the vesting of previously granted restricted stock.
- The filing also noted that the reporting person acquired 61 shares of common stock under the Company's Employee Stock Purchase Plan (ESPP) since the date of his last ownership report.
- Following these transactions, Robert Todd Riksen beneficially owns 12,851.55 shares of SpartanNash Co. common stock directly.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The disposition of shares is a routine tax withholding, not a sale by choice. The acquisition of shares via ESPP is a positive sign of continued employee investment. Overall, it's a standard, non-alarming insider transaction report.
Positives
- Acquisition of 61 shares through the Employee Stock Purchase Plan (ESPP) indicates continued employee investment in the company.
Negatives
- No significant negative events or transactions were reported beyond routine tax withholding.
Future Outlook
NA
Management Comments
- The 149 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.
- The reported beneficial ownership includes 61 shares of common stock the reporting person acquired under the Company's Employee Stock Purchase Plan since the date of the reporting person's last ownership report.
Industry Context
This Form 4 filing is a routine disclosure of an insider's stock transactions, specifically related to compensation and employee stock plans. It does not provide information relevant to broader industry trends or competitive dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Attorney-in-Fact | Robert Todd Riksen granted a Power of Attorney to Ileana McAlary, G. Charles Goode, Daniel C. Persinger, and Emily E. Cantor, or any one of them, to execute and file instruments necessary to comply with Sections 13 or 16 of the Securities Exchange Act of 1934, including Forms 3, 4, 5, 13D, and 13G. | March 1, 2023 | This is a standard corporate governance practice to facilitate timely and accurate SEC filings for insiders, ensuring compliance with reporting obligations. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine insider transaction related to compensation and employee stock plans, not indicative of significant strategic shifts or financial performance.
- Employees: The Employee Stock Purchase Plan (ESPP) acquisition highlights an ongoing benefit for employees to acquire company stock.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Date of the Power of Attorney granted by Robert Todd Riksen. |
| May 24, 2025 | Date of the reported stock transactions (tax withholding and ESPP acquisition). |
| May 27, 2025 | Date the Form 4 was signed and filed. |
Keywords
SpartanNash, SPTN, Form 4, Insider Trading, Beneficial Ownership, Restricted Stock, Employee Stock Purchase Plan, Tax Withholding, Corporate Controller
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