Frumkin Theodore Edward II 4
4 · Sprouts Farmers Market, Inc. · Filed Feb 22, 2018
Insider Transaction Report
Form 4
Frumkin Theodore Edward II
SVP - Business Development
Transactions
- Award
Common Stock, par value $0.001 per share
2018-02-20+9,903→ 32,148 total
Footnotes (2)
- [F1]Represents performance share awards granted to the Reporting Person on March 3, 2017 under the Issuer's 2013 Incentive Plan, as amended. On February 20, 2018, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to such performance share awards. 50% of such shares will vest on each of the second and third anniversaries of the grant date, subject to the Reporting Person's continuous service through such dates.
- [F2]Includes, in addition to the 9,903 shares described in Note (1), 4,230 shares of common stock, 14,855 shares of restricted stock, 1,576 restricted stock units and 1,584 performance share awards. Each restricted stock unit and performance share award represents the right to receive, upon vesting, one share of common stock. The restricted stock will vest annually over three years on March 3, 2018, 2019, and 2020. The restricted stock units will vest evenly on March 4, 2018 and March 4, 2019. The performance share awards will vest on March 11, 2018. All such vests assume continued employment through the applicable dates.