Tax withholding trims Vestis (NYSE: VSTS) CAO share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vestis Corp Chief Accounting Officer John Laveck reported a routine tax-withholding transaction related to equity compensation. On the vesting of restricted stock units, 4,059 shares of common stock were withheld at $14.52 per share to cover taxes, leaving him with 41,794 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Laveck John
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 4,059 | $14.52 | $59K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 41,794 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 4,059 shares
Withholding price: $14.52 per share
Shares held after transaction: 41,794 shares
3 metrics
Tax-withholding shares
4,059 shares
Shares withheld to pay taxes on RSU vesting
Withholding price
$14.52 per share
Value used for tax-withholding disposition
Shares held after transaction
41,794 shares
Direct ownership following tax withholding
Key Terms
restricted stock units, tax-withholding disposition, Form 4, Common Stock, par value $0.01 per share
4 terms
restricted stock units financial
"Represents shares withheld to pay taxes applicable to vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Vestis Corp (VSTS) report for John Laveck?
Vestis Corp reported that Chief Accounting Officer John Laveck had 4,059 shares of common stock withheld to cover taxes on restricted stock unit vesting, a non-market tax-withholding disposition, rather than an open-market purchase or sale of additional shares.
Was John Laveck’s Vestis (VSTS) transaction an open-market sale?
No. The filing shows 4,059 Vestis shares were withheld to pay taxes tied to restricted stock unit vesting. This tax-withholding disposition is a mechanical step in equity compensation, not a discretionary open-market sale of shares by the executive.
What does transaction code F mean in the Vestis (VSTS) Form 4?
Transaction code F in this Form 4 indicates a tax-related disposition, where shares are delivered to pay an exercise price or tax liability. Here, 4,059 Vestis shares were withheld specifically to satisfy taxes on restricted stock unit vesting for John Laveck.