Jack L. Sinclair

Chief Executive Officer at Sprouts Farmers Market Inc

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 Inc

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

Organization	Role	Date Range	Details
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

Organization	Role	Date Range	Details
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 Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,191,347	Annual	Annual salary for 2023
All Other Compensation	$23,241	Annual	Includes various benefits and perquisites; details not disclosed

Performance Compensation

Data from FY 2023

Cash-Based Performance Incentive

Metric	Value	Details
Plan EBIT Weight	75%	Threshold: 95% of target; Target: 100% (payout = 125% of base); Maximum: 120% of target
Comparable Store Sales Weight	25%	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 Performance	Plan EBIT: 104% ; Comparable Sales: 115%	Resulted in an effective payout of 135% of the Target Bonus
Evaluation Period	2023	Goals approved in March 2023 by the compensation committee and board
Vesting	Not Applicable	Cash incentive awarded based on annual performance; no vesting schedule

Equity-Based Performance Incentives

Component	Grant Date	Grant Date Fair Value	Vesting Schedule	Additional Details
Performance Shares	March 14, 2023	$2,284,654	Cliff vest on March 14, 2026 upon three-year Plan EBIT achievement	Threshold: 6,934 shares; Target: 69,337 shares; Maximum: 138,674 shares
RSU Awards	March 14, 2023	$1,142,311	Vest in three equal installments on March 14, 2024, 2025, and 2026	34,668 RSUs granted
Stock Option Awards	March 14, 2023	$1,124,995	Vest in three equal installments; expire March 14, 2030	Exercise Price: $32.95 per share; 89,093 options granted
Additional RSU Grant	March 14, 2023	$1,736,465	Fully vest on March 14, 2024	52,700 RSUs granted to compensate reduced payout of 2020 performance share awards due to plan limits