Grocery Outlet (GO) awards RSU and performance stock units to Delly
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grocery Outlet Holding Corp. reported that executive Matthew Patrick Delly received new equity awards. He was granted 43,494 restricted stock units that convert into an equal number of common shares, vesting in three equal installments on March 1 of 2027, 2028 and 2029, contingent on continued service.
Delly also received 65,241 performance stock units, each tied to one share of common stock. These performance-based RSUs can pay out between 0% and 200% of the reported amount, depending on share price performance over a three-year period ending at the close of fiscal year 2028 and subject to board compensation committee certification and continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Delly Matthew Patrick
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 65,241 | $0.00 | -- |
| Grant/Award | Common Stock | 43,494 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Unit — 65,241 shares (Direct);
Common Stock — 43,494 shares (Direct)
Footnotes (1)
- Represents 43,494 restricted stock units ("RSUs") granted on March 12, 2026 to the reporting person that will entitle the reporting person to receive one share of the Issuer's Common Stock per RSU. The RSUs will vest in three equal installments on March 1 of each of 2027, 2028 and 2029, subject to the reporting person's completion of each 12 month period of service through such vesting dates. Represents a grant of performance-based RSUs ("PSUs"). Each PSU represents a right to receive one share of the Issuer's common stock upon vesting. The PSUs are earned based on the achievement of specified share price goals for specified time periods during a three-year performance period ending on the last day of the Issuer's fiscal year 2028. The Reporting Person could earn 0-200% of the amount reported depending on the level of performance achieved. The PSUs will vest upon the certification of achievement by the Compensation Committee of the Board of Directors of the Issuer following the end of the performance period, subject to the Reporting Person's continued employment or service with the Issuer as contemplated in the PSU Award Agreement.
FAQ
What equity awards did Matthew Patrick Delly receive from Grocery Outlet (GO)?
Matthew Patrick Delly received 43,494 time-based restricted stock units and 65,241 performance stock units from Grocery Outlet. Each unit corresponds to one share of common stock, making these awards a key part of his long-term equity compensation package.
How do the 43,494 RSUs granted by Grocery Outlet (GO) vest?
The 43,494 RSUs granted to Delly by Grocery Outlet vest in three equal installments on March 1 of 2027, 2028 and 2029. Vesting requires completion of each 12‑month service period leading up to the respective vesting dates.
What performance conditions apply to Grocery Outlet (GO) performance stock units?
The 65,241 performance stock units from Grocery Outlet are earned based on achieving specified share price goals during a three‑year period ending with fiscal 2028. Payout can range from 0% to 200%, depending on performance, and requires continued employment through certification.
When will Grocery Outlet (GO) performance stock units vest for Matthew Delly?
The performance stock units vest after the three‑year performance period ending at the last day of Grocery Outlet’s fiscal year 2028. Vesting occurs upon compensation committee certification of results and Delly’s continued employment or service through that time.
Are Matthew Delly’s new Grocery Outlet (GO) equity awards open-market purchases?
No, Delly’s new equity positions in Grocery Outlet are compensation grants, not open‑market purchases. Both the RSUs and performance stock units were awarded at no purchase price as part of his role with the company.