[Form 4] SpartanNash Co Insider Trading Activity
Rhea-AI Filing Summary
SpartanNash director Flur Dorlisa K reported the cancellation and cash conversion of her company stock and restricted stock units as part of the merger with C&S Wholesale Grocers. Under the merger agreement, all outstanding SpartanNash shares were converted into a cash payment of $26.90 per share. The filing shows two related entries: a disposition of 4,775 common shares (leaving 7,847 shares immediately after that disposition) and a subsequent disposition of 7,847 shares, leaving 0 shares beneficially owned.
The filing also notes that outstanding SpartanNash restricted stock units automatically vested and were cancelled, each converted into the same $26.90 per share cash payment. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- All outstanding shares and RSUs were converted to cash at a fixed per-share price of $26.90
- Restricted stock units automatically vested and were settled consistent with the merger terms
Negative
- Reporting person's beneficial ownership of common stock was reduced to 0 shares following the transactions
Insights
Director's equity was fully cashed out at the merger price, eliminating her direct holdings.
The Form 4 documents that the reporting person, identified as a director, ceased to beneficially own SpartanNash common stock following the merger consideration paid in cash at $26.90 per share. The stepwise reporting shows an intermediate holding of 7,847 shares followed by a final disposition reducing holdings to zero, consistent with a corporate change of control where outstanding shares and RSUs are cancelled and converted into cash. The submission was executed by an attorney-in-fact, which is routine for insider filings when delegates handle administrative duties.
The transaction reflects settlement mechanics of an acquisition: equity and RSUs converted into cash at the agreed deal price.
The explanatory note ties the dispositions to a merger agreement under which C&S Wholesale Grocers acquired SpartanNash and all outstanding stock was cancelled and converted into a $26.90 per share cash payment. The RSUs were treated consistently, vesting and converting into the same cash amount per share. For investors tracking deal execution, this Form 4 confirms payment and that the reporting person's equity and RSUs were monetized at the stated per-share price.