Form 4: US Foods EVP, CHRO James David Works Jr. Acquires Shares and Grants Power of Attorney

James David Works Jr., EVP, CHRO of US Foods Holding Corp., acquired 11,124 shares of common stock on March 25, 2024, and previously granted a power of attorney on November 8, 2023.

Summary

• On March 25, 2024, James David Works Jr., the EVP, CHRO of US Foods Holding Corp., acquired 11,124 shares of common stock at a price of $0.
• Following this transaction, Works directly owns 115,722 shares of US Foods Holding Corp.
• The acquired restricted stock units vest in three equal installments beginning on March 25, 2025, with each unit representing one share of the Issuer's common stock.
• Works previously granted a power of attorney to Martha Ha and Brett R. Schroeder on November 8, 2023, enabling them to file SEC forms on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The stock acquisition suggests confidence, but it's a standard practice.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units will vest in three equal installments beginning on March 25, 2025, which could incentivize the executive to remain with the company and contribute to its success.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. Grants of restricted stock units are a typical component of executive compensation packages.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted stock units, are common across the food service and distribution industry.
• Companies like Sysco and Performance Food Group also utilize similar equity-based compensation to incentivize their executives.
• The vesting schedule of three years is fairly standard for restricted stock units in executive compensation plans.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates