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
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 209,842 | $6.79 | $1.42M |
| Purchase | Common Stock | 800,222 | $6.81 | $5.45M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.67 to $7.00, inclusive. The reporting persons undertake to provide to Vestis Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (4) to this Form 4. Investment funds advised by Corvex Management LP ("Corvex") directly hold 19,813,963 shares of common stock of the Issuer reported herein. Mr. Meister may be deemed to indirectly beneficially own these shares by virtue of Mr. Meister's control of the general partner of Corvex. For the purposes of this filing, each of Corvex or Mr. Meister disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Corvex or Mr. Meister is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.70 to $6.80, inclusive. Represents shares of common stock received upon the vesting of restricted stock units and additional restricted stock units granted to Mr. Meister in respect of his service on the Board of Directors of the Issuer and additional restricted stock units accrued in connection with the Issuer's quarterly dividend on previously awarded restricted stock units.
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.
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.
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.