Sprouts CDO sells shares to cover tax withholding
Sprouts Farmers Market Chief Development Officer David McGlinchey reported an open-market sale of 543 shares of common stock at $83.4951 per share.
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Rhea-AI Filing Summary
Sprouts Farmers Market Chief Development Officer David McGlinchey reported an open-market sale of 543 shares of common stock at $83.4951 per share. According to the disclosure, this was a broker-assisted sale to cover withholding taxes triggered by restricted stock unit vesting and was not a discretionary trade. After the sale, he holds 48,194 shares in total, including common stock and restricted stock units scheduled to vest between 2026 and 2029, subject to continued employment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 543 | $83.4951 | $45K |
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 40,867 shares of common stock and 7,327 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,406 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, 1,500 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 4,421 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 Sprouts Farmers Market (SFM) report for David McGlinchey?
Was David McGlinchey’s Sprouts (SFM) stock sale a discretionary trade?
What are the key vesting dates for David McGlinchey’s Sprouts (SFM) restricted stock units?
How should investors view this Sprouts (SFM) insider tax withholding sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.