Vestis Corp (VSTS) insider receives RSU award and reports major holdings
Rhea-AI Filing Summary
Vestis Corp director and 10% owner reports new equity grant. A reporting person associated with Corvex Management LP, identified as a director and 10% owner of Vestis Corp, received 15,958 restricted stock units of common stock on 01/02/2026 in lieu of a cash retainer, at a stated price of $0. These restricted stock units vest in four equal annual installments on April 2, 2026, July 2, 2026, October 2, 2026 and January 2, 2027.
Following this transaction, the reporting person directly holds 32,189.994 shares of Vestis common stock and is also reported as indirectly beneficially owning 19,813,963 shares held by investment funds advised by Corvex Management LP, with beneficial ownership disclaimed except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 15,958 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units received in lieu of cash retainer, which vest in four equal annual installments on April 2, 2026, July 2, 2026, October 2, 2026 and January 2, 2027. 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.
FAQ
What insider transaction was reported for Vestis Corp (VSTS)?
The filing reports that a Vestis Corp director and 10% owner received 15,958 restricted stock units of common stock on 01/02/2026 in lieu of a cash retainer, at a stated price of $0.
How do the new restricted stock units for Vestis Corp (VSTS) vest?
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.
What is the reported indirect ownership in Vestis Corp (VSTS) through Corvex?
Investment funds advised by Corvex Management LP directly hold 19,813,963 shares of Vestis Corp common stock, which may be deemed indirectly beneficially owned by the reporting person, with beneficial ownership disclaimed except to the extent of any pecuniary interest.
What is the relationship of the reporting person to Vestis Corp (VSTS)?
The reporting person is identified as both a Director and a 10% Owner of Vestis Corp.
Is this Vestis Corp (VSTS) insider transaction part of a group filing?
No. The document indicates that the Form is filed by one reporting person, not by more than one reporting person.