Grocery Outlet (GO) awards restricted and performance stock units to Kerr
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grocery Outlet Holding Corp. reported that executive Frank Michael Kerr received equity awards on March 12, 2026. He was granted 43,805 restricted stock units, which convert into the same number of common shares in three equal installments on March 1 of 2027, 2028 and 2029, contingent on continued service. He also received 65,707 performance stock units tied to share price goals over a three-year period ending with fiscal 2028, with a possible payout of 0–200% of the reported amount based on performance and continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kerr Frank Michael
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 65,707 | $0.00 | -- |
| Grant/Award | Common Stock | 43,805 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Unit — 65,707 shares (Direct);
Common Stock — 55,774 shares (Direct)
Footnotes (1)
- Represents 43,805 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.