Form 4: US Foods EVP Dirk J. Locascio Reports Acquisition of Shares Following Performance-Based Vesting

Dirk J. Locascio, EVP and CFO of US Foods Holding Corp., reports the acquisition of 7,828 shares of common stock following the vesting of performance-based restricted stock units.

Summary

• Dirk J. Locascio, the EVP and Chief Financial Officer of US Foods Holding Corp., filed a Form 4 on February 26, 2025, reporting a transaction that occurred on February 24, 2025.
• The transaction involved the acquisition of 7,828 shares of US Foods Holding Corp. common stock.
• These shares were acquired as a result of the vesting of performance-based restricted stock units.
• The vesting was contingent upon the achievement of pre-established performance goals by the company over a three-year period ending December 28, 2024.
• Following the reported transaction, Locascio directly owns 96,391 shares of US Foods Holding Corp.
• Locascio has granted Martha Ha and Brett R. Schroeder power of attorney to handle SEC filings related to his holdings of US Foods Holding Corp. securities.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the vesting of shares indicates the company met performance goals, aligning executive interests with shareholders. However, it's a routine filing and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The vesting of performance-based restricted stock units suggests that US Foods Holding Corp. achieved certain pre-established performance goals.
• Dirk J. Locascio's increased stake in the company aligns his interests with those of other shareholders.

Future Outlook

The restricted stock units will vest on March 28, 2025, subject to the reporting person's continued employment with the Issuer through the vesting date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a key executive has acquired shares due to the achievement of performance targets, which can be viewed positively by investors.

Stakeholder Impact

• Shareholders may view the vesting of performance-based restricted stock units as a positive sign, indicating that the company is achieving its goals.
• Employees may be motivated by the company's achievement of performance targets.

Next Steps

• The restricted stock units will vest on March 28, 2025, assuming continued employment.

Key Dates