Form 4: US Foods CFO Dirk Locascio Reports Stock Transactions

Dirk Locascio, EVP and CFO of US Foods Holding Corp., reports acquisition of restricted stock units and withholding of shares for tax obligations.

Summary

• Dirk J. Locascio, the EVP and Chief Financial Officer of US Foods Holding Corp., filed a Form 4 on March 26, 2025, reporting changes in beneficial ownership.
• On March 24, 2025, Locascio acquired 16,776 shares of common stock through restricted stock units (RSUs) granted at a price of $0.
• These RSUs vest in three equal installments beginning on March 24, 2026.
• Each RSU represents the right to receive one share of US Foods Holding Corp.'s common stock.
• On March 25, 2025, 1,920 shares were withheld at a price of $65.2 to satisfy tax obligations related to the vesting of restricted stock units.
• Following these transactions, Locascio directly owns 136,620 shares of US Foods Holding Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The grant of restricted stock units to a key executive like the CFO can be seen as a positive incentive aligning their interests with the company's long-term performance.

Future Outlook

The restricted stock units vest in three equal installments beginning on March 24, 2026, indicating a multi-year incentive structure for the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to incentivize executives.
• Companies like Sysco and Performance Food Group also utilize similar equity-based compensation plans for their executives.
• The vesting schedule of three years is also a typical vesting period for restricted stock units.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

Form 4, US Foods Holding Corp., Dirk J. Locascio, Restricted Stock Units, Beneficial Ownership, Tax Withholding, Officer Transactions, USFD