Sprouts Farmers Market (SFM) SVP covers RSU taxes with 313-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market SVP Kim Coffin reported a small, non-discretionary share sale tied to tax withholding. On this Form 4, Coffin executed a broker-assisted open-market sale of 313 shares of common stock at $83.9715 per share to satisfy withholding taxes triggered by restricted stock unit (RSU) vesting under the company’s equity incentive plan.
After this transaction, Coffin reports owning 23,332 shares directly, consisting of 17,392 shares of common stock and 5,940 RSUs. The RSUs are scheduled to vest on various dates between March 2027 and March 2029, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 313 shares ($26,283)
Net Sell
1 txn
Insider
Coffin Kim
Role
SVP, Chief Forager
Sold
313 shs ($26K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 313 | $83.9715 | $26K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 23,332 shares (Direct)
Footnotes (1)
- 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 17,392 shares of common stock and 5,940 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 739 restricted stock units will vest on March 19, 2027, 1,299 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 3,902 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
What did Sprouts Farmers Market (SFM) executive Kim Coffin report in this Form 4?
Kim Coffin, an SVP at Sprouts Farmers Market, reported a broker-assisted sale of 313 common shares. The shares were sold at $83.9715 each to cover withholding tax obligations arising from the vesting of restricted stock units, rather than a discretionary market trade.
When are Kim Coffin’s Sprouts (SFM) restricted stock units scheduled to vest?
Kim Coffin’s RSUs vest over several future dates. Footnotes indicate 739 RSUs vest on March 19, 2027, 1,299 RSUs vest evenly on March 12, 2027 and March 12, 2028, and 3,902 RSUs vest evenly on March 12, 2027, March 12, 2028, and March 12, 2029.
What position does Kim Coffin hold at Sprouts Farmers Market (SFM)?
Kim Coffin serves as Senior Vice President and Chief Forager at Sprouts Farmers Market. This officer role is disclosed in the Form 4 and explains why transactions in company equity, including tax-related RSU sales, must be reported under insider trading disclosure rules.