Keith Meister (NYSE: VSTS) reports new Vestis stock award
Rhea-AI Filing Summary
Meister Keith A. reported acquisition or exercise transactions in this Form 4 filing.
Vestis Corp director and 10% owner Keith A. Meister reported an equity award of 18,253 shares of common stock. The award represents restricted stock units that were granted at a price of $0.00 per share and will vest on the earlier of the first anniversary of the grant date or the day before Vestis’s next annual stockholder meeting, subject to his continued service on the board. Following this grant, he directly holds 50,443 shares of Vestis common stock. Investment funds advised by Corvex Management LP directly hold 19,813,963 shares, which may be deemed indirectly beneficially owned by Meister through his control of Corvex’s general partner, although both Corvex and Meister formally disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,253 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
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. 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.