Zalatoris Timmi 4
4 · Sprouts Farmers Market, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Sprouts (SFM) CHRO Timmi Zalatoris Receives Award, Sells Shares
What Happened Timmi Zalatoris, Chief Human Resources Officer at Sprouts Farmers Market (SFM), had 12,788 performance shares vest on March 14, 2026 (awarded at $0.00 on the vesting date). Two days later, on March 16, 2026, she sold 3,668 of those shares in a broker-assisted sale at $80.82 per share, generating proceeds of $296,462. The sale was executed solely to satisfy the withholding tax liability tied to the vesting and was not a discretionary trade.
Key Details
- Award vested: 12,788 performance shares on 2026-03-14 (code A; acquisition price $0.00). Original grant date: March 14, 2023; target was 6,394 shares, with 0–200% payout based on performance; committee certified 200% for fiscal 2025 (see F1).
- Sale: 3,668 shares on 2026-03-16 (open market / broker-assisted), price $80.82, proceeds $296,462. Sale done to satisfy tax withholding per equity plan; not discretionary (see F2).
- Reported holdings after transaction: 20,159 shares of common stock and 4,028 restricted stock units (RSUs) (see F3).
- RSU vesting schedule (assumes continued employment): 1,473 RSUs vest evenly on Mar 19, 2026 & Mar 19, 2027; 647 RSUs vest equally on Mar 12, 2027 & Mar 12, 2028; 1,908 RSUs vest evenly across Mar 12, 2027, Mar 12, 2028 & Mar 12, 2029 (per footnote F3).
- Filing: Form 4 filed March 17, 2026 (no late filing indicated).
Context This was a performance-share vesting event followed by a tax-withholding sale. The broker-assisted sale to cover taxes is routine and not an indicator of discretionary insider selling or buying interest. There was no separate open-market purchase in this filing.
Insider Transaction Report
- Award
Common Stock, par value $0.001 per share
[F1]2026-03-14+12,788→ 27,855 total - Sale
Common Stock, par value $0.001 per share
[F2][F3]2026-03-16$80.82/sh−3,668$296,462→ 24,187 total
Footnotes (3)
- [F1]On March 14, 2023, the reporting person was granted performance share awards covering 6,394 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of 2025 performance goals as certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria for fiscal 2025 by the Issuer's compensation committee at the 200% performance level, 12,788 shares vested on March 14, 2026.
- [F2]This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of performance share awards, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
- [F3]Includes 20,159 shares of common stock and 4,028 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,473 restricted stock units will vest evenly over two years on March 19, 2026 and March 19, 2027, 647 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 1,908 restricted stock units will vest evenly over three years on March 12, 2027, March 12, 2028 and March 12, 2029. All such vests assume continued employment through the applicable vest date.