Key facts
- This page summarizes Jack L. Sinclair's Form 4 filing for Sprouts Farmers Market, Inc. (SFM).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 10 Mar 2023, 19:00.
Jack L. Sinclair - 09 Mar 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- SFM
- Reported as of
- 09 Mar 2023
- Net transaction value
- -$2,191,277
- SEC form
- 4
- Accepted by SEC
- 10 Mar 2023, 19:00:43 UTC
- Prior SEC filing
- 07 Dec 2022
- Next SEC filing
- 15 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Brandon F. Lombardi, Attorney-in-Fact for Jack L. Sinclair
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jack L. Sinclair filed Form 4 for Sprouts Farmers Market, Inc. (SFM) on 10 Mar 2023.
Change
- Previous filing in this sequence was filed on 07 Dec 2022.
- Current net transaction value: -$2,191,277.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SFM
transaction
Common Stock, par value $0.001 per share
Award
- Transaction value
- $0
- Shares
- +149,999
- Change %
- +72%
- Price
- $0.000000
- Shares after
- 357,637
- Date
- 09 Mar 2023
- Ownership
- Direct
- Footnotes
- F1
SFM
transaction
Common Stock, par value $0.001 per share
Sale
- Transaction value
- $2,191,277
- Shares
- -66,709
- Change %
- -19%
- Price
- $32.85
- Shares after
- 290,928
- Date
- 10 Mar 2023
- Ownership
- Direct
- Footnotes
- F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On March 9, 2020, the reporting person was granted performance share awards covering 101,351 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 2022 performance goals as certified by the Issuer's compensation committee, subject to award limitations set forth in the Issuer's equity incentive plan. Although the Issuer's compensation committee certified achievement of the performance criteria for fiscal 2022 at the 200% performance level, due to the plan award limitations, the reporting person's achievement was capped at the 148% performance level and accordingly, 149,999 shares vested on March 9, 2023.
Footnote F2
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 and 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.
Footnote F3
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.84 to $33.42 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F4
Includes 230,108 shares of common stock and 60,820 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 27,512 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 33,308 restricted stock units will vest evenly over three years on March 15, 2023, March 15, 2024 and March 15, 2025. All such vests assume continued employment through the applicable vest dates.