Sprouts Farmers Market (SFM) CEO receives new equity grants
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. Chief Executive Officer Jack Sinclair reported a mix of equity awards and a small share sale. He received a grant of 56,182 stock options with an exercise price of $78.84 per share, expiring in 2033, which vest in three equal installments on March 12, 2027, March 12, 2028, and March 12, 2029, assuming continued employment. He was also granted 23,217 restricted stock units, each convertible into one share of common stock, vesting on the same three-year schedule. On March 13, 2026, Sinclair sold 1,052 shares of common stock at an average price of $79.3798 per share in a broker-assisted transaction used solely to cover withholding taxes from the RSU vesting, and the filing notes this was not a discretionary trade. After these transactions, he directly holds 196,905 shares of common stock, so the tax-related sale represents a very small portion of his overall position while his long-term equity exposure increased through the new options and RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 1,052 | $79.3798 | $84K |
| Grant/Award | Stock Option (right to buy) | 56,182 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.001 per share | 23,217 | $0.00 | -- |
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 23,217 shares described in Note (1), 150,612 shares of common stock and 23,076 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 15,194 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, and 7,882 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. 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.