Aramark (NYSE: ARMK) director takes 475 deferred stock units instead of cash retainer
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 a grant of 475 fully vested deferred stock units of common stock as compensation, rather than taking his board cash retainer in cash. These deferred stock units will be settled in shares of common stock on the first day of the seventh month after he leaves the board. Following this grant, he directly holds 15,009.363 shares (including deferred units).
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 | 475 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,009.363 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units granted: 475 shares
Grant price per share: $0.00
Shares following transaction: 15,009.363 shares
+1 more
4 metrics
Deferred stock units granted
475 shares
Grant of fully vested deferred stock units elected in lieu of cash retainer
Grant price per share
$0.00
Compensation grant, not an open-market purchase or sale
Shares following transaction
15,009.363 shares
Total direct holdings of Richard W. Dreiling after the grant
Settlement timing
First day of seventh month
Settlement timing after the date of the director's departure from the board
Key Terms
fully vested deferred stock units, cash retainer, settled in shares of common stock, grant, award, or other acquisition
4 terms
fully vested deferred stock units financial
"Represents a grant of fully vested deferred stock units into which the director has elected"
cash retainer financial
"into which the director has elected to defer all of his cash retainer, which will"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Aramark (ARMK) report for Richard W. Dreiling?
Aramark reported that director Richard W. Dreiling received a grant of 475 fully vested deferred stock units of common stock as compensation in lieu of his cash board retainer.
Was the Aramark (ARMK) Form 4 transaction a market purchase or sale?
No. The Form 4 shows a grant/award acquisition of 475 deferred stock units at a price of $0.00 per share as compensation, not an open-market trade.
When will Richard W. Dreiling’s Aramark (ARMK) deferred stock units be settled?
The 475 deferred stock units will be settled in shares of common stock on the first day of the seventh month after Richard W. Dreiling departs from the Aramark board.
What does the footnote in the Aramark (ARMK) Form 4 say about the director’s compensation?
The footnote states that the reported amount represents a grant of fully vested deferred stock units into which the director elected to defer all of his cash retainer, to be settled in stock after board service ends.