Sprouts (SFM) CEO Sinclair vests performance shares, sells stock for taxes
Rhea-AI Filing Summary
Jack Sinclair, Chief Executive Officer of Sprouts Farmers Market, Inc., reported performance-based equity vesting and related share sales. On March 14, 2026, 138,674 performance share awards vested after the compensation committee certified fiscal 2025 results at the 200% performance level under a grant originally made on March 14, 2023.
On March 16, 2026, 57,644 shares of common stock were sold in open-market, broker-assisted transactions at an average price of $80.8238 per share to cover withholding tax liabilities from the vesting. The footnotes state this was mandated under the company’s equity incentive plan and was not a discretionary trade. Following these transactions, Sinclair holds 277,935 shares directly, including 46,293 restricted stock units scheduled to vest between March 2026 and March 2029, subject to continued employment.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 57,644 | $80.8238 | $4.66M |
| Grant/Award | Common Stock, par value $0.001 per share | 138,674 | $0.00 | -- |
Footnotes (1)
- On March 14, 2023, the reporting person was granted performance share awards covering 69,337 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of 2025 performance goals as certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria for fiscal 2025 by the Issuer's compensation committee at the 200% performance level, 138,674 shares vested on March 14, 2026. This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of performance share awards, 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 231,642 shares of common stock and 46,293 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, 7,882 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 23,217 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.
