Director at Aramark (NYSE: ARMK) defers retainer into stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DREILING RICHARD W reported acquisition or exercise transactions in this Form 4 filing.
Aramark director Richard W. Dreiling received an automatic grant of 641 fully vested deferred stock units of common stock, based on a reference price of $42.86 per share. These units represent 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 his departure from the board. Following this grant, Dreiling directly holds 14,502.162 shares of Aramark common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DREILING RICHARD W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 641 | $42.86 | $27K |
Holdings After Transaction:
Common Stock — 14,502.162 shares (Direct)
Footnotes (1)
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Key Figures
Deferred stock units granted: 641 units
Reference price per share: $42.86 per share
Shares held after transaction: 14,502.162 shares
3 metrics
Deferred stock units granted
641 units
Grant of fully vested deferred stock units to director
Reference price per share
$42.86 per share
Value used for deferred stock unit grant
Shares held after transaction
14,502.162 shares
Director’s direct Aramark common stock holdings post-grant
Key Terms
deferred stock units, cash retainer, settled in shares of common stock
3 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, which will be settled in shares"
FAQ
What insider transaction did Aramark (ARMK) disclose for Richard W. Dreiling?
Aramark disclosed that director Richard W. Dreiling received 641 fully vested deferred stock units of common stock. These units are part of his director compensation and reflect his decision to take his cash retainer in stock-based form instead of cash.
What are the terms of the deferred stock units granted to Aramark director Richard W. Dreiling?
The grant consists of fully vested deferred stock units that replace Richard W. Dreiling’s cash retainer. These units will be settled in Aramark common stock on the first day of the seventh month following his departure from the company’s board of directors.
At what price were the 641 deferred stock units for Aramark’s Richard W. Dreiling valued?
The 641 deferred stock units granted to Richard W. Dreiling were valued at a reference price of $42.86 per share. This price is used to calculate the number of units corresponding to the cash retainer he chose to defer into stock-based compensation.
Why did Aramark director Richard W. Dreiling receive deferred stock units instead of cash?
Richard W. Dreiling elected to defer all of his cash retainer into fully vested deferred stock units. This election converts his regular cash director fees into stock-based compensation, which will later be settled in Aramark common shares after he leaves the board.