Sprouts (NASDAQ: SFM) supply chain chief gets RSUs, sells shares for taxes
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. Chief Supply Chain Officer Joseph L. Hurley reported two equity transactions involving common stock. On March 12, 2026, he received a grant of 3,817 restricted stock units, each representing one future share upon vesting. These units vest in three equal annual installments on March 12, 2027, 2028, and 2029, assuming continued employment.
On March 13, 2026, Hurley sold 219 shares of common stock at $79.3798 per share in a broker-assisted transaction. According to the disclosure, this sale was made solely to satisfy withholding tax obligations triggered by restricted stock unit vesting under the company’s equity plan and is described as not a discretionary trade. After these transactions, he holds 20,183 shares directly, plus 2,768 additional restricted stock units scheduled to vest in tranches through March 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 219 | $79.3798 | $17K |
| Grant/Award | Common Stock, par value $0.001 per share | 3,817 | $0.00 | -- |
Footnotes (1)
- Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vesting on March 12, 2027; one-third vesting on March 12, 2028; and one-third vesting on March 12, 2029, assuming continued employment through the applicable vest date. 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, in addition to the 3,817 shares described in Note (1), 13,598 shares of common stock and 2,768 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,473 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, and 1,295 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028. All such vests assume continued employment through the applicable vest date.