Form 4: US Foods CFO Dirk Locascio Disposes of Shares to Cover Tax Obligations

US Foods Holding Corp.'s CFO, Dirk J. Locascio, disposed of 11,729 shares of common stock on March 27, 2024, to satisfy tax obligations.

Summary

• Dirk J. Locascio, the EVP and Chief Financial Officer of US Foods Holding Corp., disposed of 11,729 shares of common stock on March 27, 2024.
• The transaction was executed at a price of $54.5 per share.
• This disposal was likely to cover tax obligations related to vesting of stock awards.
• Following the transaction, Locascio directly owns 119,338 shares of US Foods Holding Corp.
• Locascio previously granted power of attorney to Martha Ha and Brett R. Schroeder on November 8, 2023, to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. Disposals are often related to personal financial planning, including covering tax obligations related to equity compensation.

Stakeholder Impact

• The disposal of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a common practice for tax purposes.

Key Dates