Aramark COO net exercises options with tax share delivery

Aramark COO, U.S. Food & Facilities Marc A. Bruno exercised stock options for 49,793 shares of Common Stock at an exercise price of $23.55 per share.

Rhea-AI Filing Summary

Aramark COO, U.S. Food & Facilities Marc A. Bruno exercised stock options for 49,793 shares of Common Stock at an exercise price of $23.55 per share. In a net exercise, 35,160 shares were delivered to satisfy the option exercise price and tax withholding obligations. After these transactions, he directly holds 259,023.226 shares of Aramark Common Stock.

Insights

Securities Analyst

TL;DR: Insider exercised vested options and sold a portion to cover costs, modest net increase in holdings.

The filing documents a routine net exercise of stock options by a senior officer that resulted in 49,793 shares exercised at a $23.55 strike and 35,160 shares disposed of at $39.60 to satisfy exercise price and tax withholding. The reporting person retains options that expire 11/20/2025 and ends with a recorded beneficial ownership of 294,183.226 shares per the filing. This is a common liquidity management action by insiders and does not, by itself, indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: Transaction appears procedurally compliant; disclosures show vested options and standard withholding sale.

The Form 4 discloses a net exercise and associated sell-to-cover transaction documented with dates, prices, and the expiration of the underlying options. The filing is signed by an attorney-in-fact and includes the required explanatory note that the options are fully vested and expire on 11/20/2025. From a governance standpoint, the disclosure is timely and contains the necessary details for investor review.

Insider Trade Summary

49,793 shares exercised/converted

Exercise 3 txns

Insider Bruno Marc A

Role COO, U.S. Food & Facilities

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	49,793	$0.00	$0.00
Exercise	Common Stock	49,793	$23.55	$1.17M
Exercise Price or Tax Liability	Common Stock	35,160	$39.60	$1.39M

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 259,023.226 shares (Direct)

Footnotes (2)

1. F1. Represents a net exercise of a stock option expiring on November 20, 2025, in which shares of Common Stock were disposed to satisfy the payment of the exercise price and tax withholding obligations.
2. F2. These options are fully vested and are set to expire on November 20, 2025.

Key Figures

Options Exercised: 49,793 shares Option Exercise Price: $23.55 per share Shares Delivered for Tax/Exercise: 35,160 shares +3 more

6 metrics

Options Exercised 49,793 shares Stock option exercise into Common Stock on 2025-08-14

Option Exercise Price $23.55 per share Exercise price of Stock Option (Right to Buy)

Shares Delivered for Tax/Exercise 35,160 shares Common Stock delivered to satisfy exercise price and tax withholding

Tax/Exercise Share Value $39.60 per share Per-share value for Common Stock delivered in F-code transaction

Post-Transaction Common Stock Holding 259,023.226 shares Direct Common Stock ownership after reported transactions

Option Expiration Date November 20, 2025 Fully vested options set to expire on this date

Key Terms

Stock Option (Right to Buy), net exercise, tax withholding obligations, derivative security

4 terms

Stock Option (Right to Buy) financial

"security_title "Stock Option (Right to Buy)" exercised into Common Stock"

net exercise financial

"Represents a net exercise of a stock option expiring on November 20, 2025"

A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.

tax withholding obligations financial

"shares of Common Stock were disposed to satisfy the payment of the exercise price and tax withholding obligations"

derivative security financial

"transaction_code_description "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Aramark (ARMK) COO Marc A. Bruno report in this Form 4?

Marc A. Bruno reported a net option exercise involving 49,793 Common Stock shares. As part of the transaction, 35,160 shares were delivered to cover the exercise price and tax withholding, leaving him with direct ownership of 259,023.226 Aramark Common Stock shares.

How many Aramark (ARMK) shares did the COO exercise options for?

He exercised stock options for 49,793 Common Stock shares on August 14, 2025. These options carried an exercise price of $23.55 per share and were fully vested, expiring November 20, 2025, according to the reported transaction details and related footnotes.

How many Aramark (ARMK) shares were used for tax withholding and exercise payment?

35160 shares of Common Stock were delivered to satisfy the payment of the option exercise price and associated tax withholding obligations. This disposition was part of a net exercise structure described in the footnotes to the reported transactions.

What is Marc A. Bruno’s Aramark (ARMK) shareholding after these transactions?

He directly holds 259,023.226 Aramark Common Stock shares following the option exercise and related tax-withholding share delivery. This post-transaction holding figure is reported as his canonical direct ownership position after the Form 4 transactions.

At what prices were the Aramark (ARMK) option exercise and tax-related share delivery measured?

The options had a $23.55 exercise price, and the Common Stock shares used for tax withholding and exercise payment were valued at $39.60 per share. These per-share amounts are drawn from the reported transaction details in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/15/2025 - 04:03 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bruno Marc A

(Last) (First) (Middle)

ARAMARK

2400 MARKET STREET

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Aramark [ ARMK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO, U.S. Food & Facilities

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2025		M		49,793	A	$23.55	294,183.226	D
Common Stock	08/14/2025		F		35,160	D	$39.6(1)	259,023.226	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$23.55	08/14/2025		M			49,793	(2)	11/20/2025	Common Stock	49,793	$0	0	D

Explanation of Responses:

1. Represents a net exercise of a stock option expiring on November 20, 2025, in which shares of Common Stock were disposed to satisfy the payment of the exercise price and tax withholding obligations.

2. These options are fully vested and are set to expire on November 20, 2025.

Remarks:

	/s/ Harold B. Dichter, as Attorney-in-fact	08/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.