Hurley Joseph L 4

What Happened

• Joseph L. Hurley, Chief Supply Chain Officer at Sprouts Farmers Market (SFM), had 12,788 performance shares vest on March 14, 2026 (awarded at $0.00). On March 16, 2026 he disposed of 3,910 shares in an open-market, broker-assisted sale at $80.82 per share for proceeds of $316,021. The sale was executed to satisfy withholding tax obligations, not a discretionary trade.

Key Details

• Award vest date: March 14, 2026 — 12,788 shares vested (performance award originally granted 3/14/2023 at a target of 6,394 shares, vested at 200% performance).
• Sale date and price: March 16, 2026 — 3,910 shares sold at $80.82 each; proceeds $316,021.
• Beneficial ownership after transaction (per filing): 22,476 shares of common stock and 6,585 restricted stock units (RSUs).
• RSU vesting schedule (assumes continued employment): 1,473 RSUs vest Mar 19, 2026 & Mar 19, 2027; 1,295 RSUs vest Mar 12, 2027 & Mar 12, 2028; 3,817 RSUs vest evenly over Mar 12, 2027–Mar 12, 2029.
• Footnote: The sale was a broker-assisted withholding to cover taxes on the vested performance shares and was not a discretionary sale by the reporting person.
• Filing: Report filed Mar 17, 2026 (no late filing indicated in the report).

Context

• The 12,788 shares were performance-based awards that vested after the company’s compensation committee certified achievement of fiscal‑2025 targets at the maximum (200%) level. The small sale was routine tax-withholding related—common when awards vest—and does not necessarily indicate the insider’s view on the stock.