Grocery Outlet (GO) EVP gets 13,110-share award, sells 5,141 for taxes
Rhea-AI Filing Summary
Grocery Outlet Holding Corp. executive Steven K. Wilson reported compensation-related stock transactions. He received 13,110 shares of common stock at no cost after the compensation committee certified performance goals tied to performance stock units granted on March 2, 2023. To cover tax withholding on previously granted restricted stock units that vested, he sold 5,141 shares at $5.84 per share in an open-market transaction. After these activities, he directly holds 124,892 shares of common stock.
Positive
- None.
Negative
- None.
Insights
Routine equity awards vested, with a small tax-related sale.
Executive vice president Steven K. Wilson received 13,110 shares of Grocery Outlet common stock for achieving performance targets on previously granted performance stock units. This is a standard equity compensation event tied to earlier incentive awards, not a new cash purchase.
He then sold 5,141 shares at $5.84 per share to satisfy tax withholding on vested restricted stock units, according to the footnote. Because the sale is driven by tax obligations rather than a discretionary portfolio decision, it carries a weak signaling effect.
Following these transactions, Wilson directly holds 124,892 shares. The net share change is modest relative to his position, and no derivative holdings are listed, so the overall impact on the investment case for Grocery Outlet Holding Corp. appears neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,141 | $5.84 | $30K |
| Grant/Award | Common Stock | 13,110 | $0.00 | -- |
Footnotes (1)
- Represents fully vested shares of the Issuer's Common Stock acquired by the reporting person upon certification by the Issuer's Compensation Committee that certain performance-based vesting conditions had been satisfied with respect to performance stock units ("PSUs") granted to the reporting person on March 2, 2023. These shares were sold to satisfy the reporting person's tax withholding obligation upon vesting of RSUs previously granted.