Leary Susan Michelle 4

What Happened

• Susan Michelle Leary, Senior Vice President of Accounting at Grocery Outlet Holding Corp. (GO), received equity awards on June 15, 2026. The filing shows a grant of 4,433 restricted stock units (RSUs) (reported at $0.00) and a grant of 6,650 performance-based restricted stock units (PSUs) reported as a derivative award (N/A price).
• The RSUs will convert to one share each upon vesting; the PSUs entitle her to one share each if performance targets are met. These are awards (code A), not open-market purchases or sales, so they are compensation rather than an immediate investment by the insider.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 16, 2026 (filed next day).
• RSUs: 4,433 granted, reported price $0.00; vest in three equal installments on May 20 of 2027, 2028 and 2029, subject to continued service (F1).
• PSUs: 6,650 performance-based RSUs granted (reported as derivative, price N/A). Earned amount depends on performance over a three-year period ending with fiscal year 2028; payout range is 0–200% of the reported amount (i.e., 0 up to 13,300 shares) and vests only after certification by the Compensation Committee and continued employment (F2).
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: appears timely (filed one day after transaction).

Context

• These awards are typical long-term incentive compensation designed to retain executives and align pay with company performance. PSUs are contingent on achieving share-price or other performance goals and may result in no shares if targets aren’t met; they are not immediate cash or sales.