Sprouts Farmers Market (SFM) awards stock options and RSUs to CMO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. reported that Chief Merchandising Officer Don Clark received new equity awards. He was granted stock options for 6,688 shares of common stock at an exercise price of $78.84 per share and 16,371 restricted stock units.
The restricted stock units each represent the right to receive one share of common stock upon vesting. Both the RSUs and options vest over three years, with one-third vesting on March 12, 2027, one-third on March 12, 2028, and one-third on March 12, 2029, assuming he remains employed through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clark Don
Role
Chief Merchandising Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 6,688 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.001 per share | 16,371 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 6,688 shares (Direct);
Common Stock, par value $0.001 per share — 16,371 shares (Direct)
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. These options become exercisable over three years, with one-third vesting on March 12, 2027; one-third vesting on March 12, 2028; and the remaining one-third vesting on March 12, 2029, assuming continued employment through the applicable vest date.
FAQ
What equity awards did Sprouts (SFM) grant to Chief Merchandising Officer Don Clark?
Sprouts granted Don Clark stock options for 6,688 shares and 16,371 restricted stock units. The options have a $78.84 exercise price, and each restricted stock unit represents the right to receive one share of common stock upon vesting over time.
How do Don Clark’s new restricted stock units from Sprouts (SFM) vest?
The 16,371 restricted stock units vest in three equal installments over three years. One-third vests on March 12, 2027, another third on March 12, 2028, and the final third on March 12, 2029, assuming continued employment.
What are the terms of Don Clark’s new Sprouts (SFM) stock options?
Don Clark received options to buy 6,688 Sprouts shares at $78.84 per share. These options become exercisable in three equal parts on March 12, 2027, March 12, 2028, and March 12, 2029, subject to his continued employment through each vesting date.
Is Don Clark’s Form 4 transaction in Sprouts (SFM) a market purchase or sale?
The Form 4 shows equity awards, not market trades. Don Clark acquired stock options and restricted stock units as compensation grants, with no purchase price and vesting over several years, rather than buying or selling shares on the open market.