Bortner Andrea Renee 4

What Happened

Andrea Renee Bortner, EVP and Chief Human Resources Officer of Grocery Outlet Holding Corp. (GO), received equity awards on March 12, 2026. She was granted two time‑based restricted stock unit (RSU) awards totaling 64,435 RSUs (42,956 + 21,479) that vest in three equal annual installments on March 1 of 2027, 2028 and 2029. She was also reported with 32,218 performance‑based RSUs (PSUs) that may pay out 0–200% depending on achievement of specified share‑price goals over a three‑year performance period ending with fiscal 2028. Additionally, the filing reports 64,433 shares directly held by the Bortner Family Trust. All entries are reported as awards (code A); no cash purchase or open‑market sale occurred.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely).
• Prices/values: Time‑based RSUs reported at $0 acquisition price; PSUs reported as N/A (value depends on performance and certification).
• Vesting: Time‑based RSUs vest in three equal installments (Mar 1, 2027/2028/2029). PSUs vest, if earned, after the three‑year performance period upon Compensation Committee certification and continued service.
• Shares reported as directly held: 64,433 shares by the Bortner Family Trust.
• Transaction type: Award/Grant (code A) — not an open‑market buy or sale.

Context

• RSUs and PSUs are compensation awards that convert into shares only if vesting/performance conditions are met; they do not reflect an immediate market purchase or sale.
• PSUs carry a performance multiplier (0–200%), so final share delivery and value depend on future outcomes and certification.
• For retail investors, awards signal managerial compensation alignment with shareholders but are not a direct bullish/bearish trading signal since they are part of compensation, not open‑market buying.