Aramark (NYSE: ARMK) director receives 5,124 deferred stock units in Form 4 grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aramark director Bridgette P. Heller received an award of 5,124 deferred stock units of common stock at a reference price of $38.06 per share. After this grant, she beneficially owns 35,637.088 shares directly. These deferred stock units vest the day before the first annual stockholders’ meeting following the grant, as long as she continues serving on the board.
If the award vests, it will be settled in Aramark common stock on the first day of the seventh month after she leaves the board, turning the deferred units into actual shares at that time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Heller Bridgette P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,124 | $38.06 | $195K |
Holdings After Transaction:
Common Stock — 35,637.088 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Aramark (ARMK) report for Bridgette P. Heller?
Aramark reported that director Bridgette P. Heller received 5,124 deferred stock units of common stock at $38.06 per share. Following this equity grant, she beneficially owns 35,637.088 Aramark common shares directly, according to the Form 4 insider trading report.
What are the key terms of Bridgette P. Heller’s Aramark deferred stock units?
The 5,124 deferred stock units granted to Bridgette P. Heller vest the day before Aramark’s first annual stockholders’ meeting after the grant date, subject to continued service. Once vested, they are settled in common stock on the first day of the seventh month after she leaves the board.
When will Bridgette P. Heller’s Aramark deferred stock units vest and settle?
The deferred stock units vest on the day prior to the first annual stockholders’ meeting following the grant date, assuming continued board service. If they vest, they are then settled in Aramark common stock on the first day of the seventh month after her departure from the board.
Is Bridgette P. Heller’s Aramark Form 4 transaction a purchase or an award?
The Form 4 shows an award, not an open-market purchase. Bridgette P. Heller received 5,124 deferred stock units of Aramark common stock as a director grant, coded as an acquisition, with vesting and settlement tied to board service and her eventual departure.
What does the transaction code "A" mean in Aramark’s Form 4 for Bridgette P. Heller?
In this Form 4, transaction code "A" indicates an acquisition of securities. For Bridgette P. Heller, it reflects a grant of 5,124 deferred stock units of Aramark common stock, awarded as director compensation rather than shares bought on the open market.