Vestis Corp (VSTS) director Lynn McKee receives 18,253-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vestis Corp director Lynn McKee reported an equity award of 18,253 shares of common stock on February 18, 2026, coded as a grant or other acquisition at a price of $0.00 per share. These are restricted stock units that 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, subject to her continued board service. After this award, McKee directly holds 183,235.359 common shares, which includes an additional 0.006 share from rounding on prior vested awards. She also has indirect ownership of 25,000 shares held by a limited partnership for which she is a general partner, and 32,895 shares held through trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McKee Lynn
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 18,253 | $0.00 | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 183,235.359 shares (Direct);
Common Stock, par value $0.01 per share — 25,000 shares (Indirect, See footnote)
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. These shares are held by a limited partnership for which the Reporting Person serves as a general partner.
FAQ
What insider transaction did Vestis Corp (VSTS) director Lynn McKee report?
Lynn McKee reported an equity award of 18,253 Vestis Corp shares. The Form 4 shows a grant of restricted stock units at $0.00 per share on February 18, 2026, increasing her total direct holdings to 183,235.359 shares.
How do Lynn McKee’s restricted stock units at Vestis Corp (VSTS) vest?
The restricted stock units vest based on time and board service. They vest on the earlier of the first anniversary of the February 18, 2026 grant date or the day before Vestis Corp’s next annual shareholder meeting, contingent on her continued service as a director.
Was the Vestis Corp (VSTS) Form 4 transaction a purchase or a grant?
The Form 4 reports a grant, not a market purchase. The transaction code “A” indicates a grant, award, or other acquisition of 18,253 restricted stock units at $0.00 per share, rather than an open-market buy or sell.