Director at Vestis Corp (VSTS) receives 18,253 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goetz William reported acquisition or exercise transactions in this Form 4 filing.
Vestis Corp director William Goetz reported an equity award of 18,253 shares of common stock in the form of restricted stock units. The award was granted at a price of $0.00 per share and increases his direct holdings to 64,088 shares of common stock.
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 after the grant date, contingent on his continued service on the board. The total includes an extra 0.006 shares due to rounding on settled awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goetz William
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 — 64,088 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 William Goetz?
Vestis Corp reported that director William Goetz received a grant of 18,253 restricted stock units at $0.00 per share. These units represent equity compensation rather than an open-market purchase, increasing his direct ownership stake in Vestis common stock.
What are the vesting terms of William Goetz’s Vestis (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 after the grant date, provided William Goetz continues serving on the board through that vesting date.
What does the rounding footnote in the Vestis (VSTS) Form 4 mean?
The filing notes that Goetz’s holdings include an additional 0.006 shares due to rounding upon settlement of vested awards. This reflects minor fractional-share adjustments when prior restricted stock unit grants settled into actual Vestis Corp common shares.