Sprouts (NASDAQ: SFM) officer’s 323-share sale tied to RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprouts Farmers Market, Inc. Chief Supply Chain Officer Joseph L. Hurley reported a small tax-related stock sale. On March 20, 2026, he sold 323 shares of common stock at an average price of $83.9715 per share in a broker-assisted transaction.
According to the disclosure, this sale was made solely to satisfy withholding tax obligations triggered by the vesting of restricted stock units and is not a discretionary trade. After the sale, Hurley holds 28,282 shares in total, including 5,848 restricted stock units scheduled to vest between March 2027 and March 2029, assuming continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 323 shares ($27,123)
Net Sell
1 txn
Insider
Hurley Joseph L
Role
Chief Supply Chain Officer
Sold
323 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 323 | $83.9715 | $27K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 28,282 shares (Direct)
Footnotes (1)
- 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, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person. Includes 22,434 shares of common stock and 5,848 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 736 restricted stock units will vest on March 19, 2027, 1,295 restricted stock units will vest evenly over two years on March 12, 2027 and March 12, 2028, and 3,817 restricted stock units will vest evenly over three years on March 12, 2027, March 12, 2028 and March 12, 2029. All such vests assume continued employment through the applicable vest date.
FAQ
What insider transaction did Sprouts Farmers Market (SFM) report for Joseph L. Hurley?
Sprouts Farmers Market reported a small stock sale by Joseph L. Hurley. On March 20, 2026, he sold 323 shares of common stock at an average price of $83.9715 per share in a broker-assisted transaction related to tax withholding, not a discretionary trade.
Was the Sprouts Farmers Market (SFM) insider trade a discretionary sale?
No, the reported insider sale was not discretionary. The filing states the 323-share broker-assisted sale was executed solely to satisfy withholding tax liabilities from restricted stock unit vesting under the company’s equity incentive plan, and does not represent an elective trade by Joseph L. Hurley.
What is the vesting schedule for Joseph L. Hurley’s Sprouts Farmers Market (SFM) restricted stock units?
Hurley’s restricted stock units vest between 2027 and 2029. 736 RSUs vest on March 19, 2027; 1,295 RSUs vest evenly on March 12, 2027 and March 12, 2028; and 3,817 RSUs vest evenly on March 12, 2027, March 12, 2028 and March 12, 2029, assuming continued employment.
What role does Joseph L. Hurley hold at Sprouts Farmers Market (SFM)?
Joseph L. Hurley serves as Chief Supply Chain Officer at Sprouts Farmers Market. The Form 4 identifies him as an officer, not a director or 10% owner, and reports his equity holdings and the small, tax-driven stock sale executed in March 2026.