West Roderick J 4
4 · DOLLAR GENERAL CORP · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Dollar General EVP Roderick West Receives Award, Exercises Options
What Happened Roderick J. West, EVP, Global Supply Chain at Dollar General (DG), was granted 30,626 performance share units (PSUs) certified as earned on March 10, 2026. On March 11, 2026 he exercised/converted options resulting in 2,691 shares acquired (exercise consideration recorded as $227,847). To satisfy tax withholding, 1,858 of the resulting shares were surrendered/disposed (withheld) valued at $269,113. The filing shows the PSU award (each PSU = one share) and the option exercise; this combination is an award + exercise transaction rather than an open-market purchase or sale.
Key Details
- Dates: PSUs certified 2026-03-10; option exercise and withholding recorded 2026-03-11; Form 4 filed 2026-03-12 (appears timely).
- PSU grant: 30,626 PSUs earned (per footnote). Vesting/settlement schedule: 10,210 PSUs settle in unrestricted shares on Apr 1, 2026; remaining 10,208 each on Apr 1, 2027 and Apr 1, 2028.
- Option exercise: 2,691 shares acquired at an implied exercise consideration of $227,847 (listed as acquired @ $84.67).
- Tax withholding: 1,858 shares withheld/disposed to cover taxes, valued at $269,113 (recorded as F = tax withholding).
- Other notes: Reporting person transferred 100 shares to an ex-spouse under a domestic relations order (footnote). Earlier option vesting occurred in 2018–2020 per footnote.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
- This was primarily an award (PSUs earned) and an option exercise with shares withheld to cover taxes — a common, administrative outcome (cashless withholding) rather than an open-market sale that signals sentiment.
- PSUs represent a right to receive company stock subject to vesting and forfeiture provisions; part of this award will settle in unrestricted shares on Apr 1, 2026.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-10+30,626→ 66,634 total - Exercise/Conversion
Common Stock
[F2]2026-03-11$84.67/sh+2,691$227,847→ 69,325 total - Tax Payment
Common Stock
[F2]2026-03-11$144.84/sh−1,858$269,113→ 67,467 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-03-11−2,691→ 0 totalExercise: $84.67Exp: 2026-03-16→ Common Stock (2,691 underlying)
Footnotes (3)
- [F1]Performance share units ("PSUs") earned from March 25, 2025 grant, as certified by the Issuer's Compensation and Human Capital Management Committee on March 10, 2026 as a result of the Issuer's fiscal year 2025 adjusted EBITDA performance. Each PSU represents the right to one share of Issuer's common stock. 10,210 PSUs will become vested and be settled and paid in unrestricted shares of the Issuer's common stock on April 1, 2026, and the remainder is subject to time-vesting requirements (10,208 on each of April 1, 2027 and April 1, 2028) and certain forfeiture and accelerated vesting provisions.
- [F2]Since the date of the reporting person's last ownership report, he transferred 100 shares of Dollar General common stock to his ex-spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
- [F3]The option vested as to 897 shares on each of April 1, 2018, April 1, 2019 and April 1, 2020.