Vestis Corp (VSTS) director receives grant of 18,253 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whitney Mary Anne reported acquisition or exercise transactions in this Form 4 filing.
Vestis Corp director Mary Anne Whitney reported an award of 18,253 restricted stock units. The units were granted at a price of $0.00 per share and are scheduled to vest on the earlier of the first anniversary of the grant date or the day before Vestis Corp’s next annual general meeting, provided she continues serving on the board through that date. Following this grant, her directly held common stock-based holdings total 39,632.937 shares, which includes an additional 0.006 share from rounding on prior settled awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whitney Mary Anne
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 — 39,632.937 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 insider transaction did Vestis Corp (VSTS) report for Mary Anne Whitney?
Vestis Corp reported that director Mary Anne Whitney received an award of 18,253 restricted stock units. These units were granted at no cash cost and increase her directly held common stock-based position to 39,632.937 shares, including a small rounding adjustment from prior vesting.
What are the vesting terms of Mary Anne Whitney’s 18,253 RSUs at Vestis Corp (VSTS)?
The 18,253 restricted stock units vest on the earlier of the first anniversary of the grant date or the day before Vestis Corp’s next annual general meeting. Vesting is conditioned on her continued service on the company’s board of directors through the applicable vesting date.
Did Mary Anne Whitney pay for the 18,253 Vestis Corp (VSTS) restricted stock units?
No, the filing lists the transaction price per share as $0.00, indicating a board compensation grant rather than an open-market purchase. This reflects equity-based director compensation designed to align board member interests with Vestis Corp shareholders.
What does the rounding footnote mean in the Vestis Corp (VSTS) Form 4 for Mary Anne Whitney?
The footnote explains that her total includes an additional 0.006 share due to rounding at settlement of earlier vested awards. When fractional shares arise in award settlements, systems often round, and this small adjustment is disclosed for accuracy in reporting her current holdings.
Is Mary Anne Whitney’s Vestis Corp (VSTS) transaction a purchase or a grant?
The transaction is a grant of restricted stock units, not a market purchase. The Form 4 uses code “A” for grant, award, or other acquisition, and describes the transaction as a grant/award acquisition at a per-share price of $0.00, typical of director equity compensation.