Aramark (ARMK) EVP Lauren Harrington credited dividend-equivalent stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aramark EVP and General Counsel Lauren A. Harrington received additional common stock-based units through a compensation adjustment. On the reported date, she acquired 110.225 dividend equivalent rights at no cash cost, linked to Aramark’s quarterly dividend on previously granted restricted stock units and earned performance stock units.
These dividend equivalent rights vest on the same schedules as the underlying awards. After this issuance, Harrington directly holds a total of 126,964.535 common-share-equivalent units in Aramark, reflecting her ongoing equity-based compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harrington Lauren A
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 110.225 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 126,964.535 shares (Direct, null)
Footnotes (1)
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Key Figures
Dividend equivalent rights granted: 110.225 units
Grant price per unit: $0.0000 per unit
Holdings after transaction: 126,964.535 units
3 metrics
Dividend equivalent rights granted
110.225 units
Credited on common stock-based awards from quarterly dividend
Grant price per unit
$0.0000 per unit
Non-cash grant of dividend equivalent rights
Holdings after transaction
126,964.535 units
Direct common-share-equivalent holdings following grant
Key Terms
dividend equivalent rights, restricted stock units, performance stock units
3 terms
dividend equivalent rights financial
"Represents dividend equivalent rights in connection with the Issuer's quarterly dividend"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"accrued to the reporting person on restricted stock units and previously granted performance stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"previously granted performance stock units that were determined to be earned held by the reporting person"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
FAQ
What insider transaction did Aramark (ARMK) report for Lauren A. Harrington?
Aramark reported that EVP and General Counsel Lauren A. Harrington received 110.225 dividend equivalent rights tied to existing equity awards. These units were granted at no cash cost and relate to restricted stock units and previously earned performance stock units she already holds.
Is the Aramark (ARMK) insider transaction a market purchase or sale?
The transaction is not a market purchase or sale. It is a grant of 110.225 dividend equivalent rights credited as part of Aramark’s quarterly dividend on Harrington’s existing restricted and performance stock unit awards, with no cash changing hands in the market.
What are dividend equivalent rights in the context of Aramark (ARMK) equity awards?
Dividend equivalent rights represent additional units credited when Aramark pays its quarterly dividend. For Lauren A. Harrington, 110.225 such rights were added to her restricted and performance stock units, and they vest following the same schedules as those underlying equity awards.
Do the Aramark (ARMK) dividend equivalent rights for Lauren A. Harrington vest immediately?
The dividend equivalent rights do not vest immediately. According to the disclosure, the 110.225 rights credited to Lauren A. Harrington vest on the same schedules as the related restricted stock units and previously granted performance stock units that generated these dividend-linked credits.