US Foods (NYSE: USFD) executive nets stock from PSU vesting with tax withholding
Rhea-AI Filing Summary
US Foods Holding Corp. executive Steven Guberman received equity compensation and had shares withheld for taxes. On March 27, he acquired 30,696 shares of common stock upon vesting and settlement of performance stock units granted on March 27, 2023, tied to performance over fiscal years 2023–2025. The company then withheld 12,079 shares at $90.86 per share to cover tax obligations related to the vested performance stock units and 2,471 shares at $90.86 per share to cover taxes on vested restricted stock units. After these transactions, he directly holds 134,884 shares of US Foods common stock.
Positive
- None.
Negative
- None.
Insights
Routine stock awards vested with standard tax withholding, showing ongoing equity-based pay.
Steven Guberman received 30,696 US Foods shares from performance stock units that vested after a three-year performance period covering fiscal years 2023–2025. This reflects long-term, performance-linked compensation rather than an open-market purchase.
The two dispositions totaling 14,550 shares at $90.86 per share are tax-withholding events tied to the vesting of performance and restricted stock units, not discretionary sales. Following these transactions, he holds 134,884 shares directly, suggesting the filing mainly documents routine compensation mechanics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,696 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,079 | $90.86 | $1.10M |
| Tax Withholding | Common Stock | 2,471 | $90.86 | $225K |
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.
Key Figures
Key Terms
performance stock units financial
restricted stock units financial
tax obligations financial
vesting financial
three-year performance period financial
FAQ
What did Steven Guberman receive in the latest USFD Form 4 filing?
What are performance stock units mentioned in the USFD Form 4 filing?
How is the $90.86 price used in the US Foods (USFD) Form 4 transactions?