Vestis Corp (VSTS) director receives 26,076-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holloman James Phillip reported acquisition or exercise transactions in this Form 4 filing.
Vestis Corp director James Phillip Holloman received a grant of 26,076 shares of common stock as a stock award. The award consists of 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 stockholder meeting, subject to his continued board service. Following this grant, he directly holds 194,931.36 shares, which include an additional 0.009 share attributable to rounding upon settlement of prior vested awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Holloman James Phillip
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 26,076 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 194,931.36 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 0.009 shares due to rounding upon settlement of vested awards.
FAQ
What insider transaction did Vestis Corp (VSTS) director James Phillip Holloman report?
Director James Phillip Holloman reported receiving 26,076 Vestis Corp common shares through a stock award. These are restricted stock units granted at no stated price, reflecting board-level equity compensation rather than an open-market purchase or sale of existing shares.
What type of equity did Vestis Corp (VSTS) grant to James Phillip Holloman?
Vestis Corp granted James Phillip Holloman restricted stock units representing 26,076 shares of common stock. These units convert into shares upon vesting, functioning as equity-based compensation tied to his ongoing service on the company’s board of directors.
When do James Phillip Holloman’s Vestis Corp (VSTS) restricted stock units vest?
The restricted stock units vest on the earlier of one year after the grant date or the day before Vestis Corp’s next annual stockholder meeting. Vesting is conditioned on Holloman continuing to serve on the company’s board through the applicable vesting date.
What do the rounding footnotes mean in James Phillip Holloman’s Vestis Corp (VSTS) Form 4?
One footnote explains that Holloman’s holdings include an additional 0.009 Vestis Corp share due to rounding when prior vested awards settled. This clarifies why his total ownership shows a fractional share amount after the latest stock unit grant.