Form 4: US Foods CFO Dirk Locascio Executes Stock Options and Sells Shares
SEC Form 4 Filing
US Foods Holding Corp.'s EVP and CFO, Dirk J. Locascio, exercised stock options and sold 10,000 shares of common stock on September 12, 2024.
Summary
- Dirk J. Locascio, EVP and Chief Financial Officer of US Foods Holding Corp., executed employee stock options to acquire 10,000 shares of common stock on September 12, 2024, at a price of $13.29 per share.
- Simultaneously, Locascio sold 10,000 shares of common stock at $57.95 per share.
- Following these transactions, Locascio directly owns 88,563 shares of US Foods Holding Corp.
- He also holds options to purchase 55,252 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 2020-03-23 | Date the stock option was granted. |
| 2021-03-23 | First vesting date of the stock option. |
| 2023-11-08 | Date of Power of Attorney execution. |
| 2024-09-12 | Date of stock option exercise and share sale. |
| 2024-09-16 | Date of signature on the Form 4 filing. |
| 2030-03-23 | Expiration date of the stock option. |
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