Zalatoris Timmi 4

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.