Grocery Outlet (GO) awards RSUs and PSUs to executive Miller
Rhea-AI Filing Summary
Miller Paul Blaine reported acquisition or exercise transactions in this Form 4 filing.
Grocery Outlet Holding Corp. reported that executive Paul Blaine Miller received equity-based compensation awards. He was granted 27,431 restricted stock units (RSUs), each convertible into one share of common stock, which will vest in three equal installments on May 20 of 2027, 2028 and 2029, contingent on continued service.
Miller also received 41,146 performance stock units (PSUs), each tied to one share of common stock. These PSUs are earned based on share-price goals over a three-year performance period ending with fiscal 2028, with a potential payout of 0–200% of the reported amount depending on performance and continued employment. Following the RSU grant, Miller directly owns 49,171 shares of common stock.
Positive
- None.
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- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 41,146 | $0.00 | -- |
| Grant/Award | Common Stock | 27,431 | $0.00 | -- |
Footnotes (1)
- Represents 27,431 restricted stock units ("RSUs") granted on June 15, 2026 to the reporting person that will entitle the reporting person to receive one share of the Issuer's Common Stock per RSU. The RSUs will vest in three equal installments on May 20 of each of 2027, 2028 and 2029, subject to the reporting person's completion of service through such vesting dates. Represents a grant of performance-based RSUs ("PSUs"). Each PSU represents a right to receive one share of the Issuer's common stock upon vesting. The PSUs are earned based on the achievement of specified share price goals for specified time periods during a three-year performance period ending on the last day of the Issuer's fiscal year 2028. The Reporting Person could earn 0-200% of the amount reported depending on the level of performance achieved. The PSUs will vest upon the certification of achievement by the Compensation Committee of the Board of Directors of the Issuer following the end of the performance period, subject to the Reporting Person's continued employment or service with the Issuer as contemplated in the PSU Award Agreement.