Form 4: US Foods EVP, Chief Merchant David L. Poe Jr. Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
David L. Poe Jr., EVP, Chief Merchant of US Foods Holding Corp., reports the acquisition of 7,416 restricted stock units and additional shares through the Employee Stock Purchase Plan.
Summary
- On March 25, 2024, David L. Poe Jr., EVP, Chief Merchant of US Foods Holding Corp., acquired 7,416 restricted stock units.
- These restricted stock units vest in three equal installments starting March 25, 2025, and each unit represents one share of US Foods Holding Corp.'s common stock.
- Poe also acquired 53 shares of US Foods Holding Corp.'s common stock through the company's Employee Stock Purchase Plan, which were not previously reported.
- Following these transactions, Poe beneficially owns 21,886 shares of US Foods Holding Corp.'s common stock.
- Poe has granted power of attorney to Martha Ha, Stephanie D. Miller, and Brett R. Schroeder to handle SEC filings related to his transactions in US Foods Holding Corp. securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation and investment in the company's stock.
Positives
- The acquisition of restricted stock units and additional shares through the Employee Stock Purchase Plan demonstrates Poe's continued investment in US Foods Holding Corp.
Future Outlook
The restricted stock units will vest in three equal installments beginning on March 25, 2025.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders are informed about the executive's stake in the company.
- Employees participating in the Employee Stock Purchase Plan are indirectly impacted.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of restricted stock units grant and acquisition of shares through the Employee Stock Purchase Plan. |
| 03/25/2025 | Vesting start date for the restricted stock units in three equal installments. |
| 03/27/2024 | Date of signature for the Form 4 filing. |
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