4/A: US Foods Executive James David Works Jr. Amends Filing to Reflect Performance-Based Restricted Stock Unit Adjustment

James David Works Jr., EVP and Chief Human Resources Officer at US Foods Holding Corp., amended a previous Form 4 filing to reflect an adjustment to performance-based restricted stock units.

Summary

• James David Works Jr., an executive at US Foods Holding Corp., filed an amendment to a Form 4, initially filed on February 26, 2025.
• The amendment concerns an adjustment to performance-based restricted stock units granted on March 28, 2022.
• The adjustment, effective February 24, 2025, reflects the company's achievement of pre-established performance goals for the three-year period ending December 28, 2024.
• As a result of the adjustment, Works acquired 21,335 shares, bringing his total holdings to 155,339 shares as of March 27, 2025.
• The restricted stock units will vest on March 28, 2025, contingent upon Works' continued employment with US Foods.
• Additionally, a power of attorney document is included, granting Martha Ha and Brett R. Schroeder the authority to act on behalf of David Works in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The adjustment of restricted stock units indicates that the company has met its performance goals, which is a positive sign. However, it's a routine filing and doesn't necessarily indicate a major shift in the company's outlook.

Positives

• The adjustment to the restricted stock units suggests that US Foods Holding Corp. met its performance goals for the specified period.

Future Outlook

The restricted stock units will vest on March 28, 2025, contingent upon the reporting person's continued employment with the Issuer.

Industry Context

Executive compensation and equity awards are common practices in publicly traded companies to align management's interests with those of shareholders. Performance-based awards are designed to incentivize executives to achieve specific company goals.

Comparison to Industry Standards

• Comparing the performance metrics used for these restricted stock units to those of similar companies like Sysco (SYY) or Performance Food Group (PFGC) could provide insights into the rigor and relevance of US Foods' performance goals.
• Analyzing the vesting schedules and performance criteria against industry benchmarks would help determine if US Foods' executive compensation practices are competitive and aligned with shareholder value creation.

Stakeholder Impact

• The adjustment of restricted stock units could positively impact shareholders if it reflects strong company performance.
• The vesting of these units incentivizes the executive to remain with the company, potentially benefiting employees and other stakeholders through continued leadership.

Key Dates

Keywords

Form 4, US Foods Holding Corp., Restricted Stock Units, Beneficial Ownership, Amendment, Performance-Based, Executive Compensation, SEC Filing