Eric M. Lindberg is the CEO of Grocery Outlet Holding Corp., known for his solid leadership and practical approach to business. He earned his Bachelor's degree in Business Administration from the University of California, Berkeley and has built a career...

Eric M. Lindberg is the CEO of Grocery Outlet Holding Corp., known for his solid leadership and practical approach to business. He earned his Bachelor's degree in Business Administration from the University of California, Berkeley and has built a career that began at Grocery Outlet in 2013. Under his guidance, the company has seen impressive growth and performance, getting him a bonus over 100% of his target for two consecutive years, reflecting the company's strong results. Lindberg's compensation package has varied significantly, with total earnings reaching up to $2.05 million in 2019. What's interesting is how Lindberg aligns his performance goals with the company's growth metrics, like adjusted EBITDA and store sales, ensuring that his interests match those of the shareholders. He's also taken on investments in the company, holding around 5.7 million shares, which shows his commitment to Grocery Outlet's success. Lindberg also has a unique agreement that includes a retirement plan ensuring he remains tied to the company even as he transitions into new roles. It's clear he's in it for the long haul, focusing on strategic growth and shareholder value. Lindberg is not just a figurehead; he actively engages with the company, making decisions that steer it towards better performance.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Grocery Outlet Holding Corp. CEOs

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Eric M. Lindberg

Ex-CEO of Grocery Outlet Holding Corp.

Education

Bachelor's degree in Business Administration from the University of California, Berkeley

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

April 10, 1978 - 46 years ago

CEO of Grocery Outlet Holding Corp. for

10 years 5 months (Jun 2013 - Dec 2023)

Previous Experience

Chief Executive Officer of Grocery Outlet Holding Corp.

Rivals

Competitors/colleagues of Eric M. Lindberg

Holdings

See how much did Eric M. Lindberg make over time.

Eric M. Lindberg holds approximately 5.7 million shares of Grocery Outlet Holding Corp., reflecting his strong confidence in the company's future. Over the years, the value of his holdings has fluctuated significantly, peaking around 2019 when the total compensation was...

Eric M. Lindberg holds approximately 5.7 million shares of Grocery Outlet Holding Corp., reflecting his strong confidence in the company's future. Over the years, the value of his holdings has fluctuated significantly, peaking around 2019 when the total compensation was $2.05 million, including stock options. His stock position shows a linear growth trend, as he actively works to enhance company performance, thus increasing share value. Notably, Lindberg's strategy is to align his financial interests with those of shareholders. His shares are part of a larger incentive structure that includes performance-based compensation, indicating that he utilizes a significant portion of his wealth tied to Grocery Outlet's success. Lindberg's involvement ensures that he is directly impacted by the company's performance metrics, thereby maintaining investor trust and commitment. Currently, his holdings position him as a key player in the growth journey of Grocery Outlet, showcasing both personal investment and a shared vision with the employees and stakeholders.

Total Stock Sold

$115.78M

GO

$115.78M

3,688,322 GO shares

What if they kept their stock?

If Eric M. Lindberg didn't sell their stock, today they would have:
Extra GO3,688,322 shares worth $124.89M.
This is 7.86% and $9.10M more than what they got when they sold the stock.

Charitable Transactions

GO

250,000 shares

GO

Recent Charitable Transactions

GO

50,000 shares

GO

Dec 3, 2024

Charity

GO

100,000 shares

GO

Aug 16, 2023

Charity

GO

50,000 shares

GO

Apr 27, 2020

Charity

GO

50,000 shares

GO

Oct 8, 2019

Charity

GO

14,030 shares

GO

Dec 28, 2019

Charity

Insider Trading

See recent insider trades of Eric M. Lindberg.

GO

$68.62K

GO at $11.34/share

Mar 4, 2025

Sale

GO

79,628 shares

GO

Feb 28, 2025

Received

GO

$498.57K

GO at $16.88/share

Feb 4, 2025

Sale

GO

50,000 shares

GO

Dec 3, 2024

Charity

GO

295,280 shares

GO

Oct 30, 2024

Received

GO

$3.26M

GO at $16.29/share

Sep 19, 2024

Sale

GO

$3.71M

GO at $18.53/share

Aug 20, 2024

Sale

GO

$3.77M

GO at $18.87/share

Aug 16, 2024

Sale

GO

6,803 shares

GO

Jun 3, 2024

Received

GO

$2.86M

GO at $26.60/share

Mar 11, 2024

Sale

Compensation History

See how much did Eric M. Lindberg make over time.

In 2023, Eric M. Lindberg's total compensation reached $1,065,000, made up of a base salary of $500,000, a bonus of $555,000, and $15,000 in other benefits. His bonuses are particularly driven by performance, achieving a payout of 141% of target based on key metrics like adjusted EBITDA and comparable store sales. This focus on performance ensures that a large chunk of his earnings is dependent on how well Grocery Outlet does, illustrating a strong tie between his incentives and the company's success. Lindberg's compensation has varied greatly over recent years, with peaks including a total of $2.5 million in 2021, reflecting his ability to connect his leadership effectiveness directly with financial results. He has opted not to rely on stock options and grants for his compensation, emphasizing cash-based incentives that reward consistent, strong performance. His approach ensures accountability and aligns his financial success directly with Grocery Outlet's growth.

Year

2023

Total Compensation

$1.07M

Salary

$500.00K

Board Justification

The compensation philosophy emphasizes aligning executive pay with company performance, with a significant portion of compensation being performance-based, ensuring alignment with shareholder interests.

Bonus

$555.00K

Board Justification

The annual incentive plan (AIP) bonus is based on the achievement of adjusted EBITDA (70% weighted) and comparable store sales performance (30% weighted) goals, with Fiscal Year 2023 AIP bonuses earned at 111% of target.

Other

$15.00K

Board Justification

Other compensation includes benefits and perquisites such as health insurance and retirement contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2023 as the focus is on performance-based equity incentives that are not included in this year's compensation summary.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on adjusted EBITDA and comparable store sales performance.

Other Grocery Outlet Holding Corp. CEOs

Here are other CEOs of Grocery Outlet Holding Corp.

Robert J. Sheedy, Jr.

Ex-CEO of Grocery Outlet Holding Corp.

January 2024 - February 2025