Form 4: Aramark Executive Christopher T. Schilling Reports Stock Transactions
SEC Form 4 Filing
Christopher T. Schilling, SVP, Controller and CAO of Aramark, reports acquisition and disposal of common stock related to performance stock units.
Summary
- On November 4, 2024, Christopher T. Schilling, SVP, Controller and CAO of Aramark, reported transactions involving Aramark common stock.
- Schilling acquired 2,193 shares of common stock at $0 related to a performance stock unit award granted in November 2021.
- These shares were earned based on the satisfaction of certain financial performance criteria and include accrued dividend equivalents.
- Additionally, 1,998.263 shares were disposed of at $38.21 to cover taxes related to the vesting of performance stock units, including units deemed earned on November 6, 2023, and delivered on November 4, 2024.
- Following these transactions, Schilling beneficially owns 31,119.149 shares of Aramark common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| November 2021 | Initial grant date of the performance stock unit award. |
| November 6, 2023 | Date performance stock units were deemed to have been earned. |
| November 4, 2024 | Date of stock acquisition and disposal transactions. |
| November 6, 2024 | Date of signature on the Form 4 filing. |
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