0001209191-23-018026.txt : 20230310
0001209191-23-018026.hdr.sgml : 20230310
20230310200036
ACCESSION NUMBER: 0001209191-23-018026
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230309
FILED AS OF DATE: 20230310
DATE AS OF CHANGE: 20230310
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McGlinchey David
CENTRAL INDEX KEY: 0001747971
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36029
FILM NUMBER: 23725372
MAIL ADDRESS:
STREET 1: 5455 E. HIGH STREET, SUITE 111
CITY: PHOENIX
STATE: AZ
ZIP: 85054
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sprouts Farmers Market, Inc.
CENTRAL INDEX KEY: 0001575515
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411]
IRS NUMBER: 320331600
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0101
BUSINESS ADDRESS:
STREET 1: 5455 E. HIGH ST.
STREET 2: SUITE 111
CITY: PHOENIX
STATE: AZ
ZIP: 85054
BUSINESS PHONE: 480-814-8016
MAIL ADDRESS:
STREET 1: 5455 E. HIGH ST.
STREET 2: SUITE 111
CITY: PHOENIX
STATE: AZ
ZIP: 85054
FORMER COMPANY:
FORMER CONFORMED NAME: Sprouts Farmers Markets, LLC
DATE OF NAME CHANGE: 20130426
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2023-03-09
0
0001575515
Sprouts Farmers Market, Inc.
SFM
0001747971
McGlinchey David
5455 E. HIGH STREET, SUITE 111
PHOENIX
AZ
85054
0
1
0
0
Chief Strategy Officer
Common Stock, par value $0.001 per share
2023-03-09
4
A
0
27640
0.00
A
51472
D
Common Stock, par value $0.001 per share
2023-03-10
4
S
0
8321
32.8488
D
43151
D
On March 9, 2020, the reporting person was granted performance share awards covering 13,820 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, 27,640 shares vested on March 9, 2023.
This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of restricted stock units and 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.
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 $33.435 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.
Includes 35,721 shares of common stock and 7,430 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 3,376 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 4,054 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.
/s/ Brandon F. Lombardi, Attorney-in-Fact for David McGlinchey
2023-03-10