Stock grant boosts Aramark (ARMK) COO Marc Bruno’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aramark reported that Marc A. Bruno, its COO, U.S. Food & Facilities, acquired 74,020 shares of common stock through a grant of restricted stock units at a reference price of $40.53 per share. These units vest on the earlier of the third anniversary of grant or six months after a new permanent Chief Executive Officer’s succession date, subject to his continued employment. Following this award, his directly held common stock position increased to 370,834.053 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bruno Marc A
Role
COO, U.S. Food & Facilities
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 74,020 | $40.53 | $3.00M |
Holdings After Transaction:
Common Stock — 370,834.053 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Aramark (ARMK) disclose for Marc A. Bruno?
Aramark disclosed that Marc A. Bruno received a grant of 74,020 restricted stock units of common stock. The award was recorded at a reference price of $40.53 per share and increased his directly held position to 370,834.053 shares after the transaction.
When do Marc A. Bruno’s Aramark (ARMK) restricted stock units vest?
The restricted stock units vest on the earlier of the third anniversary of the grant date or six months after the succession date of a new permanent Chief Executive Officer. Vesting also requires Marc A. Bruno to remain employed with Aramark through the applicable vesting date.
How did the stock grant affect Marc A. Bruno’s Aramark (ARMK) holdings?
After the grant of 74,020 restricted stock units, Marc A. Bruno’s directly held Aramark common stock holdings increased to 370,834.053 shares. This figure reflects his ownership position immediately following the reported award transaction in the Form 4 filing.
What conditions are tied to Marc A. Bruno’s Aramark (ARMK) restricted stock units?
The units vest only if Marc A. Bruno remains employed by Aramark through the vesting date. Vesting occurs on the earlier of the third anniversary of grant or six months after a new permanent Chief Executive Officer’s succession date, or an earlier date the Board may determine.