Vestis Corp (VSTS) EVP Steven Cochran receives 93,096-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vestis Corp executive Steven E. Cochran, EVP & Chief Commercial Officer, reported an equity compensation award in the form of restricted stock units. He acquired 93,096 shares of common stock at a stated price of $0.00 per share as a grant, not an open‑market purchase. Following this award, his direct holdings total 93,096 shares. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date, creating a multi‑year incentive tied to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COCHRAN STEVEN E
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 93,096 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 93,096 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 93,096 shares
Grant price: $0.00 per share
Post-transaction holdings: 93,096 shares
+1 more
4 metrics
RSU grant size
93,096 shares
Restricted stock units granted to Steven E. Cochran
Grant price
$0.00 per share
Stated price for RSU award shares
Post-transaction holdings
93,096 shares
Direct common stock holdings after the grant
Vesting schedule
Three equal annual installments
Beginning on first anniversary of grant date
Key Terms
restricted stock units, vest, grant, Form 4
4 terms
restricted stock units financial
"Represents restricted stock units, which vest in three equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"which vest in three equal annual installments beginning on the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant financial
"beginning on the first anniversary of the date of grant"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Vestis Corp (VSTS) disclose in this Form 4 for Steven E. Cochran?
Vestis Corp reported that executive Steven E. Cochran received 93,096 restricted stock units as an equity award. These units convert into common shares over time, aligning part of his compensation with the company’s stock performance and his continued employment with the company.
How do Steven E. Cochran’s Vestis Corp (VSTS) restricted stock units vest?
The 93,096 restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning one‑third of the units become shares each year over three years, subject to Mr. Cochran’s continued service with Vestis Corp.
Is Steven E. Cochran’s Vestis Corp (VSTS) Form 4 a stock purchase or a compensation grant?
The Form 4 reflects a compensation grant, not an open‑market purchase. Steven E. Cochran acquired 93,096 restricted stock units with a reported price of $0.00 per share, which indicates an award of equity as part of his executive compensation package at Vestis Corp.