US Foods (USFD) CFO gets stock award, 32,508 shares withheld
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,475 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,146 | $90.86 | $1.83M |
| Tax Withholding | Common Stock | 8,241 | $90.86 | $749K |
| Tax Withholding | Common Stock | 4,121 | $90.86 | $374K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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). Reflects withholding of shares to satisfy tax obligations in connection with the vesting of performance stock units. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of restricted stock units. Represents shares held by The Debra Locascio 2022 Living Trust, all of which are deemed beneficially owned by Mr. Locascio. Represents shares held by The Dirk J. Locascio 2022 Living Trust, all of which are deemed beneficially owned by Mr. Locascio.
Key Figures
Key Terms
performance stock units financial
restricted stock units financial
tax obligations financial
beneficially owned financial
Living Trust financial
FAQ
What did USFD CFO Dirk Locascio report in this Form 4 filing?