Aramark (NYSE: ARMK) director Greg Creed receives 583 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Creed Greg reported acquisition or exercise transactions in this Form 4 filing.
Aramark director Greg Creed reported a compensation-related equity award and updated holdings. He received 583 shares of Common Stock as a fully vested deferred stock unit grant, reflecting his election to defer all of his cash retainer into stock units. These units will be settled in common shares on the first day of the seventh month after he leaves the board. Following the award, he holds 68,088.507 shares directly and 12,475 shares indirectly through a trust. The filing shows no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Creed Greg
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 583 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,088.507 shares (Direct);
Common Stock — 12,475 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock unit grant: 583 shares
Direct holdings after transaction: 68,088.507 shares
Indirect holdings via trust: 12,475 shares
+1 more
4 metrics
Deferred stock unit grant
583 shares
Fully vested deferred stock units granted as director cash retainer deferral
Direct holdings after transaction
68,088.507 shares
Common Stock held directly by Greg Creed following the grant
Indirect holdings via trust
12,475 shares
Common Stock held indirectly by trust associated with Greg Creed
Grant price per share
$0.0000
Reported price per share for the compensation-related grant
Key Terms
deferred stock units, cash retainer, fully vested, indirect ownership
4 terms
deferred stock units financial
"Represents a grant of fully vested deferred stock units into which the director"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
cash retainer financial
"into which the director has elected to defer all of his cash retainer"
fully vested financial
"Represents a grant of fully vested deferred stock units into which the director"
indirect ownership financial
"Common Stock held with ownership type indirect and nature of ownership By Trust"
FAQ
What insider transaction did Aramark (ARMK) director Greg Creed report?
Greg Creed reported a grant of 583 fully vested deferred stock units of Aramark common stock, received as a compensation-related award rather than through an open-market purchase or sale.
Was the Aramark (ARMK) Form 4 transaction a market buy or sell?
No. The Form 4 shows no open-market purchases or sales. It reports a grant of 583 deferred stock units received as compensation, plus a holding entry for shares owned through a trust.
How will Greg Creed’s Aramark (ARMK) deferred stock units be settled?
The fully vested deferred stock units will be settled in Aramark common shares on the first day of the seventh month after the date of Greg Creed’s departure from the board.
What does it mean that Greg Creed deferred his Aramark (ARMK) cash retainer?
Greg Creed elected to defer all of his cash retainer into fully vested deferred stock units, meaning his director cash fees are converted into stock units that later settle in Aramark common shares.