4/A: US Foods CFO Dirk Locascio Adjusts Holdings After Performance-Based Restricted Stock Units Vest

Dirk J. Locascio, EVP and CFO of US Foods Holding Corp., amended his Form 4 filing to reflect adjustments to his holdings following the vesting of performance-based restricted stock units.

Summary

• Dirk J. Locascio, the EVP and CFO of US Foods Holding Corp., filed an amended Form 4 with the SEC on April 1, 2025.
• The amendment corrects a previous filing from February 26, 2025.
• The filing reports changes in Mr. Locascio's beneficial ownership of US Foods common stock due to the vesting of performance-based restricted stock units.
• On February 24, 2025, Mr. Locascio acquired 21,335 shares of common stock.
• This acquisition was related to performance-based restricted stock units granted on March 28, 2022, and adjusted on February 24, 2025, based on the company's achievement of pre-established performance goals for the three-year period ending December 28, 2024.
• The restricted stock units will vest on March 28, 2025, contingent upon Mr. Locascio's continued employment with US Foods.
• As of March 27, 2025, Mr. Locascio's total holdings amount to 137,765 shares.
• The filing also includes a Power of Attorney document, granting Martha Ha and Brett R. Schroeder the authority to act on Mr. Locascio's behalf in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The document is neutral to slightly positive. It reflects the expected vesting of performance-based compensation, indicating that the company likely met certain performance goals. There are no explicit negative indicators.

Positives

• The vesting of performance-based restricted stock units suggests that US Foods achieved certain pre-established performance goals.

Future Outlook

The restricted stock units will vest on March 28, 2025, subject to the reporting person's continued employment with the Issuer through the vesting date.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies like US Foods. It provides transparency to investors regarding the alignment of management's interests with company performance.

Comparison to Industry Standards

• Executive compensation packages including performance-based restricted stock units are a common practice among publicly traded companies, including competitors of US Foods.
• Companies like Sysco and Performance Food Group also utilize similar equity-based compensation to incentivize executives and align their interests with shareholder value.
• The specific performance metrics and vesting schedules vary across companies, but the underlying principle of rewarding executives for achieving pre-defined goals remains consistent.

Stakeholder Impact

• Shareholders may view the vesting of performance-based restricted stock units positively, as it suggests that the company achieved certain performance goals.
• Employees may be motivated by the fact that executives are incentivized to achieve company goals.

Key Dates

Keywords

US Foods, Dirk Locascio, Form 4, SEC, Beneficial Ownership, Restricted Stock Units, Vesting, Performance Goals, Power of Attorney