GO - EVP At Grocery Outlet Holding Exercises Options Worth $701K | Benzinga
On March 21, it was revealed in an SEC filing that Steven Wilson, EVP at Grocery Outlet Holding (NASDAQ:GO) executed a significant exercise of company stock options.
What Happened: Wilson, EVP at Grocery Outlet Holding, exercised stock options for 32,017 shares of GO stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The exercise price of the options was $6.56 per share.
Currently, Grocery Outlet Holding shares are trading down 0.04%, priced at $28.48 during Friday's morning. This values Wilson's 32,017 shares at $701,895.
Unveiling the Story Behind Grocery Outlet Holding
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.
Understanding the Numbers: Grocery Outlet Holding's Finances
Revenue Growth: Over the 3 months period, Grocery Outlet Holding showcased positive performance, achieving a revenue growth rate of 6.34% as of 31 December, 2023. This reflects a substantial increase in the ...