Thompson Luke D 4
4 · Grocery Outlet Holding Corp. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Grocery Outlet (GO) EVP Luke Thompson Receives Equity Award
What Happened
- Luke D. Thompson, Executive Vice President, General Counsel and Secretary of Grocery Outlet Holding Corp. (GO), was granted equity awards on March 12, 2026. The filing shows two time‑based restricted stock unit (RSU) grants of 40,475 and 20,240 RSUs (acquired at $0.00) and two derivative/performance‑based awards of 60,712 and 30,359 units (reported as N/A for price). The four grants total 151,786 units. These are awards (code A), not open‑market purchases or sales.
Key Details
- Transaction date: March 12, 2026; Filing date: March 16, 2026 (filed within the typical two business‑day window).
- Time‑based RSUs: 40,475 and 20,240 units, recorded at $0.00 acquisition price. Vest in three equal installments on March 1 of 2027, 2028 and 2029, subject to continued service.
- Performance/derivative awards: 60,712 and 30,359 units reported as derivative/N/A for price. One of these (60,712) is a PSU that may pay out 0–200% of the amount reported depending on performance; vesting is contingent on achievement and committee certification following the performance period.
- Shares owned after transaction: Not disclosed in the filing.
- Notable footnotes: RSU vesting schedule (F1, F2) and PSU performance conditions and potential payout range (F3).
- Filing timeliness: No late‑filing flag; appears timely.
Context
- These are retention/compensation grants common for executives and do not represent purchases or sales that signal immediate market sentiment. The time‑based RSUs convert to one share per RSU as they vest; performance RSUs (PSUs) only convert to shares if performance goals are met and are subject to certification and continued employment.
Insider Transaction Report
Form 4
Thompson Luke D
EVP, GC and Secretary
Transactions
- Award
Common Stock
[F1]2026-03-12+40,475→ 75,998 total - Award
Common Stock
[F2]2026-03-12+20,240→ 96,238 total - Award
Performance Stock Unit
[F3]2026-03-12+60,712→ 60,712 total→ Common Stock (60,712 underlying) - Award
Performance Stock Unit
[F3]2026-03-12+30,359→ 30,359 total→ Common Stock (30,359 underlying)
Footnotes (3)
- [F1]Represents 40,475 restricted stock units ("RSUs") granted on March 12, 2026 to the reporting person that will entitle the reporting person to receive one share of the Issuer's Common Stock per RSU. The RSUs will vest in three equal installments on March 1 of each of 2027, 2028 and 2029, subject to the reporting person's completion of each 12 month period of service through such vesting dates.
- [F2]Represents 20,240 restricted stock units ("RSUs") granted on March 12, 2026 to the reporting person that will entitle the reporting person to receive one share of the Issuer's Common Stock per RSU. The RSUs will vest in three equal installments on March 1 of each of 2027, 2028 and 2029, subject to the reporting person's completion of each 12 month period of service through such vesting dates.
- [F3]Represents a grant of performance-based RSUs ("PSUs"). Each PSU represents a right to receive one share of the Issuer's common stock upon vesting. The PSUs are earned based on the achievement of specified share price goals for specified time periods during a three-year performance period ending on the last day of the Issuer's fiscal year 2028. The Reporting Person could earn 0-200% of the amount reported depending on the level of performance achieved. The PSUs will vest upon the certification of achievement by the Compensation Committee of the Board of Directors of the Issuer following the end of the performance period, subject to the Reporting Person's continued employment or service with the Issuer as contemplated in the PSU Award Agreement.
Signature
/s/ Luke D. Thompson, Luke D. Thompson, Attorney-in-Fact|2026-03-13