Vestis Corp (VSTS) director granted 18,253 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vestis Corp director receives stock-based award. Director Koschel Williams Ena acquired 18,253 shares of Vestis Corp common stock on a grant/award basis, reflected as restricted stock units granted at no cash cost. These units vest on the earlier of one year from grant or just before the company’s next annual shareholder meeting, contingent on continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Koschel Williams Ena
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 18,253 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 56,483.359 shares (Direct)
Footnotes (1)
- Represents restricted stock units, which vest on the earlier of: (1) the first anniversary of the grant date, or (2) the day prior to the Issuer's next annual general meeting of stockholders to occur after the grant date, subject to the Reporting Person's continued service on the Issuer's board of directors through such date. Includes an additional 0.006 shares due to rounding upon settlement of vested awards.
FAQ
What insider transaction did Vestis Corp (VSTS) report for Koschel Williams Ena?
Vestis Corp reported that director Koschel Williams Ena received a grant of 18,253 restricted stock units. The award was recorded at a price of $0.0000 per share, indicating a stock-based compensation grant rather than an open-market purchase or sale.
What are the vesting terms of the Vestis Corp (VSTS) restricted stock units?
The restricted stock units vest on the earlier of the first anniversary of the grant date or the day before Vestis Corp’s next annual general meeting of stockholders. Vesting is conditioned on the director’s continued service on the board through the applicable vesting date.
Is the Vestis Corp (VSTS) Form 4 transaction a buy or a grant?
The transaction is a grant, not a market buy. It is coded as a grant, award, or other acquisition, and classified as an acquisition of restricted stock units awarded to the director, rather than shares purchased or sold on the open market.