Director Creed (NYSE: ARMK) defers cash retainer into Aramark 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 received a grant of 787 fully vested deferred stock units of common stock valued at $42.86 per unit. This represents the director’s election to defer all of his cash retainer into stock-based compensation.
The deferred stock units will be settled in shares of common stock on the first day of the seventh month after the date of his departure from the board. Following this grant, Creed holds 67,354.545 Aramark common shares directly and 12,475 shares indirectly through a trust.
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 | 787 | $42.86 | $34K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 67,354.545 shares (Direct);
Common Stock — 12,475 shares (Indirect, By Trust)
Footnotes (1)
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Key Figures
Deferred stock units granted: 787 units
Grant reference price: $42.86 per unit
Direct holdings after grant: 67,354.545 shares
+1 more
4 metrics
Deferred stock units granted
787 units
Grant of fully vested deferred stock units on common stock
Grant reference price
$42.86 per unit
Value per deferred stock unit for the grant
Direct holdings after grant
67,354.545 shares
Total direct Aramark common shares following transaction
Indirect holdings by trust
12,475 shares
Aramark common shares reported as indirectly owned by trust
Key Terms
deferred stock units, cash retainer, fully vested, By Trust
4 terms
deferred stock units financial
"Represents a grant of fully vested deferred stock units into which the director has elected to defer all of his cash retainer"
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 has elected to defer all of his cash retainer"
By Trust financial
"nature_of_ownership": "By Trust""
FAQ
What insider transaction did Aramark (ARMK) director Greg Creed report?
Greg Creed reported receiving 787 fully vested deferred stock units of Aramark common stock. The units stem from his decision to take his director cash retainer in stock-based form, as reflected in the Form 4 insider transaction disclosure.
Is Greg Creed’s Aramark (ARMK) transaction an open-market purchase or a grant?
The Form 4 shows a grant or award acquisition, not an open-market purchase. Creed elected to convert his director cash retainer into 787 fully vested deferred stock units valued at $42.86 per unit, categorized as compensation.
What price per unit is used for Greg Creed’s Aramark deferred stock grant?
The Form 4 lists a value of $42.86 per unit for the 787 deferred stock units. This figure reflects the reference price used for the compensation award rather than an open-market trading price from a purchase or sale.
How is indirect ownership reported for Greg Creed in the Aramark Form 4?
The filing shows an indirect holding of 12,475 Aramark common shares categorized as “By Trust.” This indicates those shares are held through a trust rather than directly in Greg Creed’s own name, but are still reported as indirect beneficial ownership.