Hurley Joseph L 4
Research Summary
AI-generated summary
Sprouts (SFM) Chief Supply Chain Officer Joseph L. Hurley Sells 456 Shares
What Happened
- Joseph L. Hurley, Chief Supply Chain Officer at Sprouts Farmers Market (SFM), sold 456 shares of common stock on March 18, 2026 at $83.50 per share, yielding $38,074. The sale was a broker-assisted transaction to satisfy tax withholding on vested restricted stock units and was not a discretionary trade.
Key Details
- Transaction date and price: 2026-03-18, 456 shares at $83.50 each (total $38,074).
- Transaction codes: S = Sale; sale was broker-assisted to satisfy tax withholding (see footnote F1).
- Beneficial ownership after transaction (per filing/footnote F2): 22,020 shares of common stock and 6,585 restricted stock units (each RSU converts to one share upon vesting).
- RSU vesting schedule (per F2): 1,473 RSUs vest evenly Mar 19, 2026 & Mar 19, 2027; 1,295 RSUs vest evenly Mar 12, 2027 & Mar 12, 2028; 3,817 RSUs vest evenly Mar 12, 2027, Mar 12, 2028, Mar 12, 2029.
- Filing timeliness: Report filed 2026-03-19 for a 2026-03-18 transaction (timely; no late filing indicated).
Context
- This was a routine tax-withholding sale tied to RSU vesting (footnote F1). Such broker-assisted withholding sales are common with equity compensation and do not necessarily reflect the insider’s market view; purchases generally carry more weight as signals.