0001209191-23-018025.txt : 20230310
0001209191-23-018025.hdr.sgml : 20230310
20230310200030
ACCESSION NUMBER: 0001209191-23-018025
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: Lombardi Brandon F.
CENTRAL INDEX KEY: 0001581625
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36029
FILM NUMBER: 23725370
MAIL ADDRESS:
STREET 1: 11811 N. TATUM BOULEVARD SUITE 2400
CITY: PHOENIX
STATE: AZ
ZIP: 85028
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
0001581625
Lombardi Brandon F.
5455 EAST HIGH STREET
SUITE 111
PHOENIX
AZ
85054
0
1
0
0
Chief Legal Officer
Common Stock, par value $0.001 per share
2023-03-09
4
A
0
29176
0.00
A
57326
D
Common Stock, par value $0.001 per share
2023-03-10
4
S
0
31607
32.84
D
25719
D
On March 9, 2020, the reporting person was granted performance share awards covering 14,588 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, 29,176 shares vested on March 9, 2023.
A portion of 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.
Includes 18,189 shares of common stock and 7,530 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 3,476 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 vest date.
/s/ Brandon F. Lombardi
2023-03-10