Aramark (NYSE: ARMK) CFO granted dividend equivalent rights on stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aramark EVP and CFO James J. Tarangelo reported an acquisition of 65.232 dividend equivalent rights tied to company stock awards. These rights accrued from Aramark’s quarterly dividend on his existing restricted stock units and previously earned performance stock units and were granted at no cash cost.
The new dividend equivalent rights vest on the same schedules as the underlying awards and increase his direct holdings to a reported 60,368.536 shares. This is a routine, compensation-related equity accrual rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tarangelo James J.
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 65.232 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 60,368.536 shares (Direct, null)
Footnotes (1)
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Key Figures
Dividend equivalent rights granted: 65.232 rights
Grant price per right: $0.0000 per share
Holdings after transaction: 60,368.536 shares
3 metrics
Dividend equivalent rights granted
65.232 rights
Accrued on RSUs and earned PSUs from quarterly dividend
Grant price per right
$0.0000 per share
Compensation-related award, no cash paid by insider
Holdings after transaction
60,368.536 shares
Direct ownership following Form 4 acquisition
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"
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
"and previously granted performance stock units that were determined to be earned"
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 did Aramark (ARMK) CFO James J. Tarangelo report in this Form 4?
He reported receiving 65.232 dividend equivalent rights linked to Aramark common stock. These rights accrued on his existing restricted and performance stock units due to the company’s quarterly dividend and were added as a compensation-related equity award.
Is the Aramark (ARMK) CFO’s Form 4 transaction an open-market stock trade?
No, the Form 4 shows a grant of dividend equivalent rights, not an open-market buy or sell. The rights accrued automatically from Aramark’s quarterly dividend on his outstanding stock-based awards and involve no market transaction.
How many Aramark (ARMK) dividend equivalent rights did the CFO receive?
He received 65.232 dividend equivalent rights connected to Aramark common stock. These rights correspond to dividends on his existing restricted stock units and previously earned performance stock units, and will vest according to the same schedules as those underlying awards.
What are the CFO’s Aramark (ARMK) holdings after this Form 4 transaction?
Following the reported grant, his direct holdings total 60,368.536 shares of Aramark common stock. This figure includes the newly accrued dividend equivalent rights associated with his restricted stock units and previously earned performance stock units.
Do the Aramark (ARMK) dividend equivalent rights vest immediately for the CFO?
No, the dividend equivalent rights vest on the same schedules as the underlying restricted stock units and previously granted performance stock units. Their vesting is tied directly to those existing awards rather than occurring all at once.