VSTS Form 4: Seward withholds 14,479 shares for taxes
Rhea-AI Filing Summary
William J. Seward, EVP & Chief Operating Officer of Vestis Corp (VSTS), reported a transaction on 10/01/2025 disclosing the disposition of 14,479 shares of common stock at a price of $4.53 per share. The filing states these shares were withheld to pay taxes related to the vesting of restricted stock units. After the transaction, Mr. Seward is reported to beneficially own 196,382.594 shares. The Form 4 was signed by an attorney-in-fact on 10/03/2025.
Positive
- Transaction disclosed on Form 4 indicating compliance with Section 16 reporting
- Sale was for tax withholding on vested restricted stock units (administrative disposition)
Negative
- Reporting person disposed of 14,479 shares at $4.53 per share
- Beneficial ownership reduced to 196,382.594 shares following the transaction
Insights
Insider tax-withholding sale of 14,479 shares at $4.53 on 10/01/2025.
The filing explicitly states the sale was a withholding of shares to satisfy tax obligations from vested restricted stock units, which is an administrative, non-discretionary disposition method disclosed by issuers.
This transaction does not state any additional sales or purchases and leaves the reporting person with 196,382.594 shares beneficially owned, per the Form 4.
Form 4 shows timely reporting and a signed attorney-in-fact submission.
The document records a transaction date of 10/01/2025 and a signature date of 10/03/2025, indicating the report was filed promptly. The explanation field clearly states: 'shares withheld to pay taxes applicable to vesting of restricted stock units.'
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 14,479 | $4.53 | $66K |
Footnotes (1)
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FAQ
What did William J. Seward report on the Form 4 for VSTS?
When was the Form 4 signed?
What is the reporting person's role at Vestis Corp (VSTS)?