Sign in

Jack L. Sinclair

Chief Executive Officer at Sprouts Farmers Market
Board
Since June 2019
Age
63 years
Tenure
Became Chief Executive Officer of Sprouts Farmers Market in June 2019, following significant leadership roles in the grocery and retail industry.

Also at Sprouts Farmers Market

CV
Curtis Valentine
Chief Financial Officer

About

Jack L. Sinclair serves as the Chief Executive Officer at Sprouts Farmers Market since June 2019, leveraging over 30 years of experience in the grocery and retail sectors.

Before joining Sprouts, he held high-level positions including CEO and Chief Merchandising Officer at 99 Cents Only Stores LLC, as well as executive roles at Walmart and senior management positions at Safeway in the United Kingdom.

In addition to his executive roles, he has maintained an active presence in the industry by serving on several boards, including FMI – The Food Industry Association and the Federal Reserve Bank of San Francisco, where he has contributed to industry and regional economic initiatives.

While the documents offer detailed insights into his professional career and leadership trajectory, they do not provide information regarding his personal background or educational history.

$SFM Performance Under Jack L. Sinclair

Past Roles

OrganizationRoleDate RangeDetails
99 Cents Only Stores LLC Chief Executive Officer February 2018 - June 2019 Premier discount retailer
The Hain Celestial Group (NASDAQ: HAIN) Board of Directors September 2017 - June 2019 Leading marketer, manufacturer, and seller of organic and natural products
99 Cents Only Stores LLC Chief Merchandising Officer July 2015 - February 2018 Premier discount retailer
Walmart, Inc. (NYSE: WMT) Executive Vice President, U.S. Grocery Division December 2007 - April 2015 Led U.S. grocery business for 4,000+ stores
Safeway PLC (London) Senior Management Positions 1990 - 2004 Operations, merchandising, and marketing for over 450 locations

External Roles

OrganizationRoleDate RangeDetails
FMI – The Food Industry Association Board Member Since 2020 N/A
Los Angeles branch, Federal Reserve Bank of San Francisco Chair of the Board Since January 2023 N/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,191,347 AnnualAnnual salary for 2023
All Other Compensation$23,241 AnnualIncludes various benefits and perquisites; details not disclosed

Performance Compensation

Data from  FY 2023

Cash-Based Performance Incentive

MetricValueDetails
Plan EBIT Weight75% Threshold: 95% of target; Target: 100% (payout = 125% of base); Maximum: 120% of target
Comparable Store Sales Weight25% Threshold: 97.5% of target; Target: 100%; Maximum: 105% of target
Target Bonus$1,500,000 Base benchmark for payout calculation
Maximum Bonus$4,500,000 Capped at 300% of Target Bonus
Actual PerformancePlan EBIT: 104% ; Comparable Sales: 115% Resulted in an effective payout of 135% of the Target Bonus
Evaluation Period2023Goals approved in March 2023 by the compensation committee and board
VestingNot ApplicableCash incentive awarded based on annual performance; no vesting schedule

Equity-Based Performance Incentives

ComponentGrant DateGrant Date Fair ValueVesting ScheduleAdditional Details
Performance SharesMarch 14, 2023 $2,284,654 Cliff vest on March 14, 2026 upon three-year Plan EBIT achievementThreshold: 6,934 shares; Target: 69,337 shares; Maximum: 138,674 shares
RSU AwardsMarch 14, 2023 $1,142,311 Vest in three equal installments on March 14, 2024, 2025, and 202634,668 RSUs granted
Stock Option AwardsMarch 14, 2023 $1,124,995 Vest in three equal installments; expire March 14, 2030Exercise Price: $32.95 per share; 89,093 options granted
Additional RSU GrantMarch 14, 2023 $1,736,465 Fully vest on March 14, 202452,700 RSUs granted to compensate reduced payout of 2020 performance share awards due to plan limits