Vestis Corp (VSTS) director and 10% owner adds shares in insider buying
Rhea-AI Filing Summary
Vestis Corporation director and 10% owner Keith Meister, together with Corvex Management LP–advised funds, reported additional open-market purchases of Vestis common stock. On 12/16/2025, the reporting persons bought 800,222 shares at a weighted average price of $6.81 per share, and on 12/17/2025 they purchased another 209,842 shares at a weighted average price of $6.79 per share.
The filing states that, after these transactions, investment funds advised by Corvex directly hold 19,813,963 Vestis common shares, which Mr. Meister may be deemed to indirectly beneficially own. It also notes 16,231.994 shares received in connection with restricted stock units and dividend equivalents for Mr. Meister’s service on Vestis’s board, while Corvex and Mr. Meister each disclaim beneficial ownership beyond their pecuniary interest.
Positive
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Negative
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FAQ
What insider activity did Vestis Corp (VSTS) report in this filing?
The filing reports that investment funds advised by Corvex Management LP, linked to director and 10% owner Keith Meister, purchased Vestis common stock in the open market on 12/16/2025 and 12/17/2025, and also discloses shares related to Mr. Meister’s restricted stock units for board service.
How many Vestis Corp (VSTS) shares were bought and at what prices?
On 12/16/2025, the reporting persons bought 800,222 Vestis common shares at a weighted average price of $6.81, with trades ranging from $6.67 to $7.00. On 12/17/2025, they purchased 209,842 shares at a weighted average price of $6.79, with trades between $6.70 and $6.80.
What is the total Vestis Corp (VSTS) stake held by Corvex-advised funds after these transactions?
The filing states that investment funds advised by Corvex Management LP directly hold 19,813,963 Vestis common shares after the reported purchases. Mr. Meister may be deemed to indirectly beneficially own these shares through his control of Corvex’s general partner.
What board-related Vestis Corp (VSTS) equity does Keith Meister hold?
The filing reports 16,231.994 Vestis common shares representing stock received upon the vesting of restricted stock units and additional restricted stock units granted to Keith Meister for his service on the board, including units accrued from Vestis’s quarterly dividend on prior awards.
How is Keith Meister related to Vestis Corp (VSTS) in this insider report?
Keith Meister is identified as both a Director and a 10% Owner of Vestis Corporation. The form is filed by more than one reporting person, including Corvex Management LP and Mr. Meister.
Do Corvex Management LP and Keith Meister claim full beneficial ownership of all reported Vestis (VSTS) shares?
No. The filing states that, for its purposes, each of Corvex and Mr. Meister disclaims beneficial ownership of the reported Vestis securities except to the extent of his or its pecuniary interest, and it notes that the filing is not an admission of beneficial ownership.