Sprouts Farmers Market (SFM) chief stores officer logs small tax-related share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. Chief Stores Officer Dustin Hamilton reported a small, tax-related share sale. On March 20, he sold 206 shares of common stock at an average price of $83.9715 per share in an open-market, broker-assisted transaction to cover withholding taxes from vesting restricted stock units.
After the sale, he directly holds 16,373 shares, which include 10,325 shares of common stock and 6,048 restricted stock units. The restricted stock units are scheduled to vest in tranches between September 4, 2026 and March 12, 2029, assuming continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 206 shares ($17,298)
Net Sell
1 txn
Insider
Hamilton Dustin
Role
Chief Stores Officer
Sold
206 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 206 | $83.9715 | $17K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 16,373 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 10,325 shares of common stock and 6,048 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 589 restricted stock units will vest on March 19, 2027, 1,354 restricted stock units will vest evenly over two years on September 4, 2026 and September 4, 2027, 1,660 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 2,445 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 insider transaction did SFM executive Dustin Hamilton report?
Dustin Hamilton reported selling 206 SFM shares at an average price of $83.9715 per share. The sale was broker-assisted and conducted to satisfy withholding tax obligations from recently vesting restricted stock units under the company’s equity incentive plan, rather than a discretionary portfolio decision.
Was the SFM insider sale by Dustin Hamilton a discretionary trade?
No, the sale was not discretionary. The filing states it was a broker-assisted sale mandated by the company’s equity incentive plan to cover withholding taxes on vested restricted stock units, meaning the timing and need for the sale were driven by tax obligations, not trading views.
What future vesting schedule is disclosed for Dustin Hamilton’s SFM restricted stock units?
The filing lists 6,048 restricted stock units with scheduled vests. Tranches vest on September 4, 2026 and September 4, 2027, and on March 12, 2027, March 12, 2028, and March 12, 2029, assuming Hamilton remains employed through each respective vesting date.
What does each restricted stock unit represent in the SFM Form 4 for Dustin Hamilton?
Each restricted stock unit represents one SFM common share. Upon vesting, every unit converts into a single share of Sprouts Farmers Market common stock, provided the executive satisfies continued employment requirements through the applicable vesting date outlined in the award schedule.