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Grocery Outlet Holding Corp.·4

Mar 16, 4:15 PM ET

Kerr Frank Michael 4

Research Summary

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Updated

Grocery Outlet (GO) EVP Frank Kerr Receives RSU & PSU Award

What Happened
Frank Michael Kerr, EVP & Chief Store Operations Officer of Grocery Outlet Holding Corp. (GO), was granted equity awards on March 12, 2026: 43,805 restricted stock units (RSUs) and 65,707 performance-based restricted stock units (PSUs). The RSUs were awarded at $0 and convert to one share per RSU when vested. The PSUs are derivative, performance-contingent awards that may pay out 0–200% of the reported amount depending on achievement of specified share-price goals over a three-year performance period ending with fiscal 2028.

Key Details

  • Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (see note on timeliness below). Transaction code: A (award/grant).
  • RSUs: 43,805 units; vest in three equal installments on March 1 of 2027, 2028 and 2029, subject to continued service.
  • PSUs: 65,707 units (performance-based); vesting/pay-out determined after the three-year performance period and Certification by the Compensation Committee; payout range 0–200% of target depending on performance and continued service.
  • Price/Value: RSUs reported at $0 (typical for grants); PSUs reported as derivative/no dollar value at grant.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes: F1 describes time-based RSU vesting schedule; F2 explains PSU performance metrics, three-year performance period, possible 0–200% payout, and certification requirement.
  • Timeliness: The award occurred 2026-03-12 and the Form 4 was filed 2026-03-16. Form 4s are generally required within two business days of the reportable transaction; this filing was later than that window and may be considered late.

Context
This filing documents compensation-related grants (time- and performance-based equity) rather than open-market buying or selling. Such awards are routine components of executive pay and do not, by themselves, indicate a traded position or immediate market sentiment. PSUs are contingent on future performance metrics and continued employment, so the ultimate number of shares delivered could be higher or lower than the reported amounts.