4//SEC Filing
Sanders Dan J 4
Accession 0001209191-23-018022
CIK 0001575515other
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 8:00 PM ET
Size
8.3 KB
Accession
0001209191-23-018022
Insider Transaction Report
Form 4
Sanders Dan J
Chief Operations Officer
Transactions
- Sale
Common Stock, par value $0.001 per share
2023-03-10$32.85/sh−8,531$280,230→ 29,352 total - Award
Common Stock, par value $0.001 per share
2023-03-09+28,096→ 37,883 total
Footnotes (4)
- [F1]On March 9, 2020, the reporting person was granted performance share awards covering 14,048 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. Following certification of achievement of the performance criteria for fiscal 2022 by the Issuer's compensation committee at the 200% performance level, 28,096 shares vested on March 9, 2023.
- [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]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 $33.435 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.
- [F4]Includes 21,906 shares of common stock and 7,446 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 3,431 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 4,015 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 dates.
Documents
Issuer
Sprouts Farmers Market, Inc.
CIK 0001575515
Entity typeother
Related Parties
1- filerCIK 0001686510
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 8:00 PM ET
- Size
- 8.3 KB