Grocery Outlet (GO) EVP sells 3,425 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
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 ($20,756)
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)
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FAQ
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.