Director at Vestis Corp (NYSE: VSTS) receives 18,253-share restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burke Richard L. Jr.
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 — 66,365.359 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 did Vestis Corp (VSTS) director Richard L. Burke Jr. report on this Form 4?
Richard L. Burke Jr. reported receiving 18,253 Vestis Corp restricted stock units as an equity award. These units are settled in common stock and increase his direct holdings to 66,365.359 shares after the transaction, reflecting stock-based compensation rather than an open-market purchase.
Is the Vestis Corp (VSTS) Form 4 transaction a stock purchase or an equity award?
The Form 4 shows an equity award, not a stock purchase. Richard L. Burke Jr. acquired 18,253 shares through a grant of restricted stock units, recorded at a price of $0.0000 per share, indicating stock-based compensation instead of a cash-funded market transaction.
How and when do Richard L. Burke Jr.’s Vestis Corp (VSTS) restricted stock units vest?
The restricted stock units vest on the earlier of two dates: the first anniversary of the grant date, or the day before Vestis Corp’s next annual stockholder meeting. Vesting is conditioned on his continued service on the company’s board of directors through that vesting date.
What is Richard L. Burke Jr.’s total Vestis Corp (VSTS) ownership after this Form 4 award?
After receiving 18,253 restricted stock units, Richard L. Burke Jr. directly owns 66,365.359 Vestis Corp common shares. This total includes a minor 0.006-share increase due to rounding that occurred upon settlement of previously vested equity awards, as disclosed in the footnotes.
What does the zero transaction price mean in the Vestis Corp (VSTS) Form 4 filing?
The reported price of $0.0000 per share indicates the shares were granted as compensation rather than purchased. Richard L. Burke Jr. acquired 18,253 Vestis Corp restricted stock units at no cash cost, reflecting a board-related equity award instead of a market trade.