Hurley Joseph L 4
4 · Sprouts Farmers Market, Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Sprouts (SFM) Chief Supply Chain Officer Joseph Hurley Sells 323 Shares
What Happened Joseph L. Hurley, Chief Supply Chain Officer of Sprouts Farmers Market (SFM), sold 323 shares of common stock in an open-market/broker-assisted transaction on March 20, 2026. The shares were sold at $83.97 each for total proceeds of $27,123. This sale was a broker-assisted disposition to satisfy withholding taxes tied to the vesting of restricted stock units and is not reported as a discretionary trade by the reporting person.
Key Details
- Transaction date and price: March 20, 2026 — 323 shares sold at $83.97 per share (total $27,123).
- Transaction type: Sale (Code S) via broker-assisted tax-withholding (see footnote F1 — tax withholding, not a discretionary sale).
- Shares/units owned after transaction: Filing reports 22,434 shares of common stock and 5,848 restricted stock units (RSUs) remaining (see footnote F2).
- RSU vesting schedule (per footnote F2): 736 RSUs vest Mar 19, 2027; 1,295 RSUs vest evenly on Mar 12, 2027 & Mar 12, 2028; 3,817 RSUs vest evenly on Mar 12, 2027, Mar 12, 2028 & Mar 12, 2029. All vests assume continued employment.
- Filing timeliness: Form 4 filed Mar 23, 2026 (within the SEC’s two-business-day filing window), so the report was timely.
Context This sale appears to be a routine, non-discretionary broker-assisted sale to cover tax withholding arising from RSU vesting (i.e., a common administrative transaction). Such withholding sales do not necessarily indicate the insider’s view on the company’s outlook. RSUs are contingent awards that convert to shares upon vesting; the footnote details the remaining unvested schedule.
Insider Transaction Report
- Sale
Common Stock, par value $0.001 per share
[F1][F2]2026-03-20$83.97/sh−323$27,123→ 28,282 total
Footnotes (2)
- [F1]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.
- [F2]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.