PriceSmart, Inc. filings document an operating company with common stock listed on the Nasdaq Global Select Market under PSMT. Form 8-K reports furnish quarterly operating results and press release exhibits for the company’s U.S.-style membership warehouse clubs in Latin America and the Caribbean.
The filing record also covers annual meeting matters, including director elections, advisory executive compensation votes and auditor ratification, as well as executive leadership and compensation arrangements reported under Item 5.02. These disclosures describe governance actions, registered security details and material event reporting for PriceSmart’s warehouse club operations.
Pricesmart Inc (PSMT) Form 4: Michael McCleary, EVP & CFO, reported a transaction dated 08/29/2025 showing the withholding of 1,305 restricted shares to satisfy tax withholding upon vesting at a per-share price of $108.06. After this withholding, he beneficially owns 56,836 shares, held directly. The form is a routine disclosure of a tax-withholding disposition tied to restricted stock vesting and includes the reporting signature dated 08/29/2025.
David R. Price, an executive and director of PriceSmart Inc. (PSMT), reported a transaction on 08/29/2025. The filing discloses that 183 shares of Common Stock were disposed of at a price of $108.06 each as a result of withholding to satisfy tax obligations upon the vesting of restricted stock. After the reported transaction, Mr. Price directly beneficially owns 48,516 shares and indirectly owns 51,305 shares through the David Price Trust. The Form 4 was signed by the reporting representative on 08/29/2025.
Pricesmart Inc. (PSMT) officer Wayne J. Sadin reported a routine disposition of Company stock on 08/29/2025. The filing shows 148 shares of common stock were disposed at an average price of $108.06 per share through a withholding related to the vesting of restricted stock to satisfy tax obligations. After the withholding, the reporting person beneficially owns 51,049 shares directly. The reporting person is identified as an EVP and CIO of the company. The transaction is disclosed on a Form 4 signed 08/29/2025 and is presented as a tax-withholding sale rather than an open-market trade.
Form 4 filed for Pricesmart Inc. shows Francisco Velasco, EVP, General Counsel and Secretary, reported a transaction on 08/29/2025 involving 1,477 shares of common stock withheld to satisfy tax withholding upon the vesting of restricted stock at a price of $108.06 per share. After the withholding, Mr. Velasco beneficially owns 76,431 shares directly and 389 shares indirectly through his spouse. The filing is a routine insider reporting of equity compensation settlement rather than an open-market purchase or sale.
PriceSmart has filed an 8-K/A amendment to report significant changes in executive compensation and leadership. David Price will be promoted from Executive Vice President and Chief Transformation Officer to Chief Executive Officer, effective September 1, 2025.
Key compensation details approved by the Compensation Committee on June 17, 2025 include:
- Base salary increase to $1,500,000 annually
- Target annual cash incentive of $500,000
- Annual equity incentive awards targeted at $3,000,000 (grant-date value)
The Amended and Restated Employment Agreement includes severance provisions if terminated without cause, including: one-year salary continuation, 12-month health benefits, unpaid/pro-rata bonus payments, and accelerated vesting of certain equity awards. The agreement contains standard confidentiality and non-solicitation provisions, with automatic annual renewal unless 60 days' notice is provided by either party.