Director at Vestis Corp (VSTS) granted 18,253 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jokinen Tracy C reported acquisition or exercise transactions in this Form 4 filing.
Vestis Corp director Tracy C. Jokinen received an equity award of 18,253 shares of common stock in the form of restricted stock units at a price of $0.00 per share. These units 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 service on the board.
After this award, Jokinen holds a total of 56,378.359 common shares, which includes an additional 0.006 share attributed to rounding upon settlement of previously vested awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jokinen Tracy C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 18,253 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 56,378.359 shares (Direct)
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.
FAQ
What insider transaction did Vestis Corp (VSTS) report for Tracy C. Jokinen?
Vestis Corp reported that director Tracy C. Jokinen received 18,253 restricted stock units of common stock at $0.00 per share. This is an equity grant, not an open-market purchase, and increases her total direct holdings to 56,378.359 Vestis common shares.
How do the new restricted stock units for Vestis Corp (VSTS) director vest?
The 18,253 restricted stock units granted to director Tracy C. Jokinen vest on the earlier of the first anniversary of the grant date or the day before Vestis Corp’s next annual general meeting, provided she continues serving on the company’s board through the applicable vesting date.
What type of security was granted to the Vestis Corp (VSTS) director?
The grant to Tracy C. Jokinen consists of restricted stock units linked to Vestis Corp common stock with a par value of $0.01 per share. These units convert into common shares upon vesting, assuming she continues serving on the Vestis board.