Bortner Andrea Renee 4
Research Summary
AI-generated summary
Grocery Outlet (GO) Trustee Andrea Bortner Sells 3,705 Shares
What Happened
Andrea Renee Bortner, a trustee of the Bortner Family Trust, reported a sale of 3,705 shares of Grocery Outlet Holding Corp. (GO) on 2026-03-16. The shares were sold at $6.06 each for total proceeds of $22,452. The filing indicates the sale was to satisfy tax withholding obligations related to vesting performance stock units.
Key Details
- Transaction date: 2026-03-16; Price: $6.06 per share; Shares sold: 3,705; Total proceeds: $22,452.
- Transaction type: Sale (code S).
- Footnote F1: Sale was to satisfy tax withholding on vested performance stock units.
- Footnote F2: Reflects shares directly held by the Bortner Family Trust, of which Ms. Bortner is a trustee.
- Filing date: 2026-03-17 (one day after the transaction) — appears timely under Form 4 rules.
- Shares owned after the transaction: not specified in the provided details.
Context
This was a routine sale to cover tax withholding tied to vested equity, not a market-timed buy or sell intended to signal conviction. Such transactions are common when restricted or performance awards vest and do not necessarily reflect the trustee's view on company prospects.