0001209191-23-018023.txt : 20230310 0001209191-23-018023.hdr.sgml : 20230310 20230310200021 ACCESSION NUMBER: 0001209191-23-018023 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: Neal John Scott CENTRAL INDEX KEY: 0001867641 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36029 FILM NUMBER: 23725367 MAIL ADDRESS: STREET 1: 5455 EAST HIGH STREET STREET 2: 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 0001867641 Neal John Scott 5455 EAST HIGH STREET SUITE 111 PHOENIX AZ 85054 0 1 0 0 Chief Merchandising Officer Common Stock, par value $0.001 per share 2023-03-09 4 A 0 11524 0.00 A 52068 D Common Stock, par value $0.001 per share 2023-03-10 4 S 0 3216 32.8484 D 48852 D 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. 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. 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. 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. /s/ Brandon F. Lombardi, Attorney-in-Fact for J. Scott Neal 2023-03-10