Hurley Joseph L 4

What Happened

• Joseph L. Hurley, Chief Supply Chain Officer at Sprouts Farmers Market (SFM), received a grant of 3,817 restricted stock units (RSUs) on March 12, 2026 (reported at $0.00 acquisition price). On March 13, 2026 he disposed of 219 shares in a sale that generated $17,384 (219 shares × $79.38).
• The sale was a broker-assisted sale to satisfy withholding taxes related to the RSU vesting and is not reported as a discretionary trade by Hurley. The RSU grant vests over three years (one-third each on Mar 12, 2027; Mar 12, 2028; Mar 12, 2029), assuming continued employment.

Key Details

• Transaction dates and prices:
  • 2026-03-12: Award (A) — 3,817 RSUs granted (acquisition price $0.00).
  • 2026-03-13: Sale (S) — 219 shares sold at $79.38 each for $17,384 (broker-assisted).
• Shares/units held (per filing footnote):
  • 13,598 shares of common stock currently owned.
  • 2,768 previously granted RSUs outstanding (with various vest schedules).
  • In addition, the filing reports the newly granted 3,817 RSUs described above.
• Vesting notes:
  • The 3,817 RSUs vest one-third annually on March 12 of 2027, 2028 and 2029 (subject to continued employment).
  • Other RSU tranches described in the filing vest in 2026–2028 per footnotes.
• Reason for sale:
  • Footnote confirms the 219-share sale was to cover withholding taxes on vested equity (broker-assisted), not a discretionary market sell.
• Filing timeliness:
  • Report filed March 16, 2026; no late-filing flag indicated.

Context

• RSUs are compensation awards that convert to shares upon vesting; the grant itself is not a purchase signal. The small, broker-assisted sale here is routine tax-related selling rather than an investment decision.
• For retail investors, acquisitions (outright purchases) generally carry more interpretive weight than awards or tax-withholding sales.