J. Scott Neal - 15 Mar 2025 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for J. Scott Neal
Issuer symbol
SFM
Transactions as of
15 Mar 2025
Net transactions value
-$977,056
Form type
4
Filing time
19 Mar 2025, 20:30:41 UTC
Previous filing
29 Aug 2024
Next filing
20 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SFM Common Stock, par value $0.001 per share Award $0 +15,063 +105% $0.000000 29,356 15 Mar 2025 Direct F1
transaction SFM Common Stock, par value $0.001 per share Sale $977,056 -7,110 -24% $137.42 22,246 17 Mar 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 15, 2022, the reporting person was granted performance share awards covering 10,178 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 2024 performance goals as certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria for fiscal 2024 by the Issuer's compensation committee at the 148% performance level, 15,063 shares vested on March 15, 2025.
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.
F3 Includes 18,392 shares of common stock and 3,854 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,626 restricted stock units will vest on March 14, 2026 and 2,228 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027. All such vests assume continued employment through the applicable vest date.