Vestis Corp (VSTS) director granted 15,958 restricted stock units
Rhea-AI Filing Summary
Vestis Corp reported an equity award to one of its directors. On 01/02/2026, the director received 15,958 restricted stock units of Vestis common stock in lieu of a cash retainer, at a price of $0 per share for the award. Following this grant, the director beneficially owns 45,834.994 shares of Vestis common stock in direct ownership.
The restricted stock units vest in four equal annual installments on April 2, 2026, July 2, 2026, October 2, 2026 and January 2, 2027, meaning the director earns the shares over time as service continues on the board.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Vestis Corp (VSTS) report in this filing?
The filing reports that a Vestis Corp director received 15,958 restricted stock units of Vestis common stock on 01/02/2026, granted in lieu of a cash retainer.
How many Vestis Corp (VSTS) shares does the director own after this grant?
After the reported transaction, the director beneficially owns 45,834.994 shares of Vestis Corp common stock, held in direct ownership.
What are the vesting dates for the 15,958 Vestis (VSTS) restricted stock units?
The 15,958 restricted stock units vest in four equal annual installments on April 2, 2026, July 2, 2026, October 2, 2026 and January 2, 2027.
Was cash paid for the Vestis Corp (VSTS) restricted stock units?
No cash was paid for this award. The 15,958 restricted stock units were received in lieu of a cash retainer at a stated price of $0 for the award.
What type of security did the Vestis (VSTS) director receive?
The director received restricted stock units tied to Vestis Corp common stock, par value $0.01 per share, which vest over time according to the disclosed schedule.
Is this Vestis Corp (VSTS) insider transaction a purchase or an equity award?
This is an equity award of restricted stock units granted in lieu of a cash retainer, not an open-market purchase or sale of existing shares.