ARMK Form 4: COO exercises options, net sell-to-cover of shares

Rhea-AI Filing Summary

Aramark (ARMK) reporting person: Marc A. Bruno, COO, U.S. Food & Facilities, completed option-related transactions on 08/14/2025. He exercised stock options with a $23.55 exercise price for 49,793 shares and, in a net exercise, disposed of 35,160 shares to cover the exercise price and tax withholding. The filings show 49,793 shares acquired via exercise and 35,160 shares sold at $39.60. Beneficial ownership moved from 259,023.226 shares after the sale to 294,183.226 shares following the acquisition entry in the filing sequence. The options exercised are fully vested and expire on 11/20/2025.

Positive

• Options fully vested: The exercised options are reported as fully vested, providing clarity on exercisability.
• Net ownership increase: After the transactions the reporting person is shown with 294,183.226 shares beneficially owned.

Negative

• Partial sale of shares: 35,160 shares were disposed of at $39.60 to cover exercise price and tax withholding.
• Near-term option expiry: The exercised options expire on 11/20/2025, indicating limited remaining duration for these instruments.

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.

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

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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.

FAQ

What transactions did Marc A. Bruno report on Form 4 for ARMK?

He exercised 49,793 stock options at a $23.55 exercise price on 08/14/2025 and disposed of 35,160 shares (sell-to-cover) at $39.60 the same day.

How many Aramark shares does the reporting person beneficially own after the transactions?

Beneficial ownership is reported as 294,183.226 shares following the exercise and disposition entries in the filing.

Are the options exercised by the reporting person vested and when do they expire?

The options are fully vested and the filing states they expire on 11/20/2025.

Was the sale of shares related to taxes or exercise costs?

Yes. The filing explanation states shares were disposed to satisfy the exercise price and tax withholding obligations (net exercise).

Who signed the Form 4 filing and when was it dated?

The filing is signed by Harold B. Dichter as Attorney-in-fact and dated 08/15/2025 on the form.