Sprouts (NASDAQ: SFM) VP granted RSUs, sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market VP and Controller Stacy W. Hilgendorf reported routine equity compensation and a small tax-related sale of common stock. She received a grant of 2,220 restricted stock units, each convertible into one share, vesting in three equal parts on March 12, 2027, March 12, 2028 and March 12, 2029, subject to continued employment.
To cover withholding taxes from the vesting of restricted stock units, a broker-assisted sale of 119 shares was executed at an average price of $79.3798 per share. After these transactions, she directly owns 10,080 shares of Sprouts common stock, alongside additional unvested restricted stock units with scheduled vesting through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 119 shares ($9,446)
Net Sell
2 txns
Insider
Hilgendorf Stacy W.
Role
VP, Controller
Sold
119 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 119 | $79.3798 | $9K |
| Grant/Award | Common Stock, par value $0.001 per share | 2,220 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 10,080 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. 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 2,220 shares described in Note (1), 5,440 shares of common stock and 2,420 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,682 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, and 738 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.
FAQ
What insider transactions did Sprouts Farmers Market (SFM) report for Stacy W. Hilgendorf?
Stacy W. Hilgendorf reported a grant of 2,220 restricted stock units and a broker-assisted sale of 119 Sprouts Farmers Market common shares. The sale was executed solely to satisfy tax withholding obligations tied to restricted stock unit vesting.
What equity award did Stacy Hilgendorf receive from Sprouts Farmers Market (SFM)?
She received a grant of 2,220 restricted stock units, each representing one future share of common stock. These units vest in three equal installments on March 12, 2027, March 12, 2028 and March 12, 2029, contingent on her continued employment with the company.
What is the vesting schedule for Stacy Hilgendorf’s Sprouts Farmers Market (SFM) restricted stock units?
The new 2,220-unit grant vests one-third on March 12, 2027, one-third on March 12, 2028 and one-third on March 12, 2029. Other existing restricted stock units are scheduled to vest evenly on March 19, 2026, March 19, 2027, March 12, 2027 and March 12, 2028.