US Foods CFO granted 45,475 shares in award
Rhea-AI Filing Summary
US Foods Holding Corp. reported that EVP and Chief Financial Officer Dirk J. Locascio received a grant of 45,475 shares of common stock upon vesting and settlement of performance stock units awarded on March 27, 2023, based on results for fiscal years 2023-2025.
The company withheld a total of 32,508 shares at $90.86 per share to satisfy tax obligations related to the vesting of performance stock units and restricted stock units. Following these transactions, Locascio directly holds 126,262 shares, with an additional 20,000 and 79,285 shares held indirectly through 2022 living trusts deemed beneficially owned by him.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Locascio Dirk J.
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,475 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 20,146 | $90.86 | $1.83M |
| Exercise Price or Tax Liability | Common Stock | 8,241 | $90.86 | $749K |
| Exercise Price or Tax Liability | Common Stock | 4,121 | $90.86 | $374K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 126,262 shares (Direct);
Common Stock — 20,000 shares (Indirect, Trust DL);
Common Stock — 79,285 shares (Indirect, Trust DJL)
Footnotes (5)
- F1. Shares acquired upon vesting and settlement of performance stock units granted on March 27, 2023, with the number of shares earned based on achievement against certain performance metrics following the end of a three-year performance period (fiscal years 2023-2025).
- F2. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of performance stock units.
- F3. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of restricted stock units.
- F4. Represents shares held by The Debra Locascio 2022 Living Trust, all of which are deemed beneficially owned by Mr. Locascio.
- F5. Represents shares held by The Dirk J. Locascio 2022 Living Trust, all of which are deemed beneficially owned by Mr. Locascio.
Key Figures
Shares granted: 45,475 shares
Shares withheld for taxes: 32,508 shares
Withholding price: $90.86/share
+3 more
6 metrics
Shares granted
45,475 shares
Common stock from vested performance stock units
Shares withheld for taxes
32,508 shares
Total tax withholding on PSUs and RSUs
Withholding price
$90.86/share
Value used for tax-withholding dispositions
Direct holdings after transactions
126,262 shares
Common stock directly owned by CFO after filings
Debra Locascio Trust holdings
20,000 shares
The Debra Locascio 2022 Living Trust, beneficially owned
Dirk J. Locascio Trust holdings
79,285 shares
The Dirk J. Locascio 2022 Living Trust, beneficially owned
Key Terms
performance stock units, restricted stock units, tax obligations, beneficially owned, +1 more
5 terms
performance stock units financial
"Shares acquired upon vesting and settlement of performance stock units granted on March 27, 2023"
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.
restricted stock units financial
"Reflects withholding of shares to satisfy tax obligations in connection with the vesting of 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.
tax obligations financial
"Reflects withholding of shares to satisfy tax obligations in connection with the vesting of performance stock units"
beneficially owned financial
"all of which are deemed beneficially owned by Mr. Locascio"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Living Trust financial
"Represents shares held by The Debra Locascio 2022 Living Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did USFD CFO Dirk Locascio report in this Form 4 filing?
Dirk Locascio reported equity compensation-related share movements. He received 45,475 US Foods common shares from vested performance stock units, while shares were also withheld to cover taxes. These actions reflect compensation vesting rather than open-market buying or selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
