Grocery Outlet EVP sells shares for tax withholding
Grocery Outlet Holding Corp. executive Luke D. Thompson, EVP, GC and Secretary, reported selling 3,425 shares of common stock at $6.06 per share.
Rhea-AI Filing Summary
Grocery Outlet Holding Corp. executive Luke D. Thompson, EVP, GC and Secretary, reported selling 3,425 shares of common stock at $6.06 per share. According to the footnote, the shares were sold to satisfy his tax withholding obligation upon vesting of previously granted performance stock units. After this transaction, he directly holds 92,813 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,425 shares
Net Sell
1 txn
Insider
Thompson Luke D
Role
EVP, GC and Secretary
Sold
3,425 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,425 | $6.06 | $21K |
Holdings After Transaction:
Common Stock — 92,813 shares (Direct)
Footnotes (1)
- F1. These shares were sold to satisfy the reporting person's tax withholding obligation upon vesting of performance stock units previously granted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Grocery Outlet (GO) report for Luke D. Thompson?
Grocery Outlet reported that EVP, GC and Secretary Luke D. Thompson sold 3,425 shares of common stock. The shares were sold at $6.06 each to cover tax withholding obligations from vesting performance stock units, leaving him with 92,813 shares directly held.
Does the Grocery Outlet (GO) Form 4 indicate an open-market sale by Luke D. Thompson?
The Form 4 uses a sale code and describes an open-market or private transaction, but the footnote clarifies the shares were sold solely to cover tax withholding on vesting performance stock units. This framing suggests a routine tax-related transaction rather than a discretionary portfolio shift.
AI-generated analysis. How Rhea-AI works. Not financial advice.