Vestis director awarded 18,253 restricted stock units
Burke Richard L. Jr. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Burke Richard L. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Vestis Corp director Richard L. Burke Jr. received a grant of 18,253 shares of common stock in the form of restricted stock units. These units 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 award, he holds 66,365.359 shares directly, including a small 0.006-share adjustment from rounding on prior vested awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 18,253 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. Includes an additional 0.006 shares due to rounding upon settlement of vested awards.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Vestis Corp (VSTS) director Richard L. Burke Jr. report on this Form 4?
Is the Vestis Corp (VSTS) Form 4 transaction a stock purchase or an equity award?
How and when do Richard L. Burke Jr.’s Vestis Corp (VSTS) restricted stock units vest?
What is Richard L. Burke Jr.’s total Vestis Corp (VSTS) ownership after this Form 4 award?
What does the zero transaction price mean in the Vestis Corp (VSTS) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.