Filing Details

Accession Number:
0001209191-23-018023
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-10 20:00:21
Reporting Period:
2023-03-09
Accepted Time:
2023-03-10 20:00:21
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1575515 Sprouts Farmers Market Inc. SFM Retail-Grocery Stores (5411) 320331600
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1867641 Scott John Neal 5455 East High Street
Suite 111
Phoenix AZ 85054
Chief Merchandising Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share Acquisiton 2023-03-09 11,524 $0.00 52,068 No 4 A Direct
Common Stock, Par Value $0.001 Per Share Disposition 2023-03-10 3,216 $32.85 48,852 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Footnotes
  1. On August 10, 2020, the reporting person was granted performance share awards covering 5,762 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of 2022 performance goals as certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria for fiscal 2022 by the Issuer's compensation committee at the 200% performance level, 11,524 shares vested on March 9, 2023.
  2. This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of performance share awards, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.84 to $33.3929 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  4. Includes 27,419 shares of common stock and 21,433 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 8,643 restricted stock units will vest on August 10, 2023; 4,391 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024; and 8,399 restricted stock units will vest evenly over three years on March 15, 2023, March 15, 2024 and March 15, 2025. All such vests assume continued employment through the applicable dates.