Form 4: US Foods CFO Dirk Locascio Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Dirk J. Locascio, EVP and CFO of US Foods Holding Corp., disposed of 10,775 shares of common stock on March 28, 2024, to cover tax obligations.
Summary
- On March 28, 2024, Dirk J. Locascio, the EVP and Chief Financial Officer of US Foods Holding Corp., disposed of 10,775 shares of common stock.
- The transaction was executed at a price of $53.97 per share.
- This disposal was likely to cover tax obligations related to equity compensation.
- Following the transaction, Locascio directly owns 108,563 shares of US Foods Holding Corp.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports a share disposal for tax purposes.
Industry Context
Executive share disposals are a common occurrence, often related to tax obligations arising from equity compensation. The disposal itself doesn't necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The disposal of shares by an executive could have a minor, temporary impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| November 8, 2023 | Date of Power of Attorney execution. |
| March 28, 2024 | Date of the transaction where shares were disposed of. |
| April 01, 2024 | Date of signature for the Form 4 filing. |
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