Sprouts (NASDAQ: SFM) officer tax-related sale of 1,017 shares disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. Chief Stores Officer Dustin Hamilton reported a small tax-related sale of shares. He sold 1,017 shares of common stock in an open-market transaction at an average price of $83.4951 per share.
The sale was a broker-assisted transaction to cover withholding taxes triggered by restricted stock units vesting under the company’s equity plan and was not a discretionary trade. After the sale, Hamilton directly holds 16,579 share-equivalents, including 9,942 shares of common stock and 6,637 restricted stock units that will vest over multiple dates from March 2026 through March 2029, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,017 shares ($84,915)
Net Sell
1 txn
Insider
Hamilton Dustin
Role
Chief Stores Officer
Sold
1,017 shs ($85K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 1,017 | $83.4951 | $85K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 16,579 shares (Direct)
Footnotes (1)
- This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of restricted stock units, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person. Includes 9,942 shares of common stock and 6,637 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,178 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, 1,354 restricted stock units will vest evenly over two years on September 4, 2026 and September 4, 2027, 1,660 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 2,445 restricted stock units will vest evenly over three years on March 12, 2027, March 12, 2028 and March 12, 2029. All such vests assume continued employment through the applicable vest date.
FAQ
What insider transaction did Sprouts Farmers Market (SFM) disclose for Dustin Hamilton?
Sprouts Farmers Market disclosed that Chief Stores Officer Dustin Hamilton sold 1,017 shares of common stock. The shares were sold in a broker-assisted transaction at an average price of $83.4951 per share, primarily to satisfy tax withholding obligations from vested restricted stock units.
What is the vesting schedule of Dustin Hamilton’s restricted stock units at Sprouts Farmers Market (SFM)?
Dustin Hamilton’s 6,637 restricted stock units vest in tranches between March 2026 and March 2029. Various grants vest evenly over two or three years on dates including March 19, September 4, and March 12, assuming his continued employment through each vesting date.
What does the Form 4 reveal about future equity for Dustin Hamilton at Sprouts Farmers Market (SFM)?
The Form 4 shows Hamilton holds 6,637 restricted stock units that may convert into shares. These units are scheduled to vest on multiple dates from March 2026 through March 2029, contingent on his continued employment with Sprouts Farmers Market.