Sprouts (NASDAQ: SFM) CDO receives RSUs, sells 240 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market Chief Development Officer David McGlinchey reported a stock award and a related tax sale. He received a grant of 4,421 restricted stock units, each convertible into one common share, vesting in three equal parts on March 12 of 2027, 2028, and 2029, subject to continued employment. A broker-assisted sale of 240 shares at $79.3798 per share occurred to cover withholding taxes triggered by restricted stock unit vesting and was mandated under the company’s equity plan, not a discretionary trade. Following these transactions, he directly owned 38,057 common shares, along with additional restricted stock units scheduled to vest between March 2026 and March 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 240 shares ($19,051)
Net Sell
2 txns
Insider
McGlinchey David
Role
Chief Development Officer
Sold
240 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 240 | $79.3798 | $19K |
| Grant/Award | Common Stock, par value $0.001 per share | 4,421 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 38,057 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 4,421 shares described in Note (1), 30,730 shares of common stock and 2,906 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, and 1,500 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.