Sprouts names Nick Konat CEO effective Jan 4, 2027; Sinclair becomes Executive Chairman

Sprouts Farmers Market, Inc.

Nick Konat, current President/COO, appointed CEO and board member effective Jan 4, 2027; Jack Sinclair transitions to Executive Chairman.
Konat's base salary rises to $1,000,000 on transition; target cash bonus 125% of salary; LTI opportunity 600% of salary.
Sinclair's new package: $900,000 base salary, 100% target bonus, 333% LTI opportunity.
Board expands to nine members on transition; Joseph Fortunato becomes Lead Independent Director.
No family relationships or material interests disclosed for Konat; succession part of long-term plan.

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