Allen Frances L. 4
Research Summary
AI-generated summary
Grocery Outlet (GO) Director Allen Frances Receives Award
What Happened
Allen Frances L., a director of Grocery Outlet Holding Corp. (GO), was granted 22,022 restricted stock units (RSUs) on 2026-06-01. The grant is reported at $0.00 per share (total reported value $0) and represents the issuer's annual equity retainer for non-employee directors. This is an award/compensation grant — not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-01 (Form 4 filed 2026-06-02).
- Transaction type/code: Award/Grant (A).
- Amount: 22,022 RSUs; reported price $0.00; reported total $0.
- Vesting: RSUs vest on the earlier of (i) the next annual meeting after grant or (ii) June 1, 2027, subject to continued service (per footnote).
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: Form 4 filed the next day (appears timely under the 2-business-day rule).
- Footnote: Grant is the annual equity retainer under the company’s non-employee director compensation policy.
Context
RSUs are a deferred-compensation award that convert to actual shares only upon vesting and do not represent an immediate cash purchase or sale. Grants to non-employee directors are routinely used for board compensation and do not by themselves indicate insider buying or selling sentiment. No 10b5-1 plan, tax-withholding sale, or late filing was disclosed in the provided details.