SFM CEO sells shares for tax withholding needs
Sprouts Farmers Market, Inc. Chief Executive Officer Jack Sinclair reported an open-market sale of 4,754 shares of common stock at an average price of $83.4951 per share.
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. Chief Executive Officer Jack Sinclair reported an open-market sale of 4,754 shares of common stock at an average price of $83.4951 per share. According to the disclosure, this was a broker-assisted sale mandated to cover withholding taxes due on newly vested restricted stock units, and was not a discretionary trade.
After the transaction, Sinclair holds 273,181 share-based interests, consisting of 226,888 shares of common stock and 46,293 restricted stock units. These restricted stock units vest in scheduled installments between March 2026 and March 2029, subject to continued employment through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 4,754 | $83.4951 | $397K |
Footnotes (2)
- F1. 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.
- F2. Includes 226,888 shares of common stock and 46,293 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 15,194 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, 7,882 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 23,217 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
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What insider transaction did SFM CEO Jack Sinclair report on this Form 4?
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