Form 4: US Foods EVP Dirk Locascio Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Dirk J. Locascio, EVP and CFO of US Foods Holding Corp., exercised stock options and sold 15,000 shares of common stock at $75 per share on May 15, 2025, under a pre-arranged trading plan.
Summary
- On May 15, 2025, Dirk J. Locascio, the EVP and Chief Financial Officer of US Foods Holding Corp., executed a transaction involving the company's stock.
- Locascio exercised an employee stock option to acquire 15,000 shares of common stock at an exercise price of $13.29 per share.
- Simultaneously, Locascio sold 15,000 shares of common stock at a price of $75 per share.
- These transactions were executed under a pre-arranged trading plan that meets the requirements of Rule 10b5-1 of the Securities Exchange Act of 1934.
- Following these transactions, Locascio directly owns 115,077 shares of US Foods Holding Corp. common stock and 30,252 derivative securities.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of insider trading activity under a pre-arranged plan. There's no indication of positive or negative implications for the company.
Positives
- The transactions were executed under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to trade company stock.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Comparison to Industry Standards
- Insider trading activity is common across publicly listed companies, and Form 4 filings are a standard part of regulatory compliance.
- The use of 10b5-1 trading plans is a widespread practice among executives to avoid accusations of illegal insider trading, as it allows them to pre-schedule trades based on predetermined criteria.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests no material impact is expected.
Key Dates
| Date | Description |
|---|---|
| 2020-03-23 | Employee stock option granted. |
| 2021-03-23 | Employee stock option vested and became exercisable in three equal annual installments beginning on this date. |
| 2023-11-08 | Date of Power of Attorney execution. |
| 2025-05-15 | Date of stock option exercise and sale of shares. |
| 2025-05-19 | Date of signature on Form 4. |
Keywords
US Foods Holding Corp., Dirk J. Locascio, stock option, Form 4, Rule 10b5-1, insider trading, securities, USFD
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