GO - At Grocery Outlet Holding Eric Lindberg Jr Chooses To Exercise Options Resulting In $2.14M | Benzinga
A large exercise of company stock options by Eric Lindberg Jr, Board Member at Grocery Outlet Holding (NASDAQ:GO) was disclosed in a new SEC filing on March 13, as part of an insider exercise.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday revealed that Jr, Board Member at Grocery Outlet Holding in the Consumer Staples sector, exercised stock options for 107,684 shares of GO stock. The exercise price of the options was $7.13 per share.
During Thursday's morning session, Grocery Outlet Holding shares up by 0.78%, currently priced at $27.01. Considering the current price, Jr's 107,684 shares have a total value of $2,140,757.
Discovering Grocery Outlet Holding: A Closer Look
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.
A Deep Dive into Grocery Outlet Holding's Financials
Revenue Growth: Over the 3 months period, Grocery Outlet Holding showcased positive performance, achieving a revenue growth rate of ...