Form 4: Sweetgreen Director Bradley E. Singer Receives Stock Grant

Director Bradley E. Singer received 6,485 shares of Sweetgreen Class A Common Stock on June 13, 2024, as a fully vested Restricted Stock Unit grant.

Summary

• On June 13, 2024, Bradley E. Singer, a director of Sweetgreen, Inc., acquired 6,485 shares of Class A Common Stock.
• The acquisition was a grant of fully vested Restricted Stock Units (RSUs), with each RSU representing the right to receive one share of Class A common stock upon settlement.
• The price per share for the RSU grant was $0.
• Following the transaction, Singer directly owns 189,052 shares of Sweetgreen's Class A Common Stock.
• A Power of Attorney was executed on June 7, 2024, granting Jonathan Neman, Mitch Reback, Matthew Alexander, and Ashley Van the authority to file Forms 3, 4, and 5 on Singer's behalf.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction (stock grant) and doesn't contain overtly positive or negative information. It's a neutral event with a slightly positive sentiment due to the alignment of director and shareholder interests.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The director's increased stake in the company could signal confidence in Sweetgreen's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of stock grant is a common practice for compensating and incentivizing directors in publicly traded companies like Sweetgreen.

Comparison to Industry Standards

• Stock grants to directors are a standard component of compensation packages in publicly traded companies.
• Companies like Chipotle, Starbucks, and McDonald's also utilize stock grants and options as part of their director compensation plans.
• The size of the grant is relative to the size of the company and the director's role and responsibilities.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
• The grant has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates