Form 4: Aramark Director Greg Creed Acquires Shares and Holds Deferred Stock Units
SEC Form 4 Filing
Director Greg Creed acquired 1,052 shares of Aramark common stock at $31.36 per share and holds deferred stock units.
Summary
- On April 4, 2025, Greg Creed, a director of Aramark, acquired 1,052 shares of common stock at a price of $31.36 per share.
- This acquisition increased his direct holdings to 58,238.718 shares.
- Creed also indirectly owns 12,475 shares through a trust.
- The acquisition was a grant of fully vested deferred stock units, into which the director has elected to defer all of his cash retainer, which will be settled in shares of common stock on the first day of the seventh month after the date of the director's departure from the board.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company's future. The deferred stock units further align the director's interests with long-term shareholder value.
Positives
- The director's acquisition of shares demonstrates confidence in the company.
- The deferred stock units align the director's interests with the long-term performance of the company.
Future Outlook
The deferred stock units will be settled in shares of common stock on the first day of the seventh month after the date of the director's departure from the board.
Industry Context
Directors acquiring company stock is generally viewed positively, as it aligns their interests with those of shareholders. Deferred stock unit grants are a common form of executive compensation.
Comparison to Industry Standards
- Comparing Aramark's director compensation and stock ownership to similar companies in the food service and facilities management industries (e.g., Sodexo, Compass Group) would provide a benchmark for assessing the significance of Greg Creed's holdings.
- Analyzing the prevalence of deferred stock unit programs among Aramark's peers would offer context for understanding this compensation structure.
Stakeholder Impact
- Shareholders may view the director's stock acquisition positively.
- The director's alignment with long-term company performance could benefit all stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Date of stock acquisition and grant of deferred stock units. |
| 04/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Aramark, Director, Greg Creed, Stock Acquisition, Deferred Stock Units, Form 4, Beneficial Ownership
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