Form 4: US Foods Executive James David Works Jr. Reports Stock Transactions
SEC Form 4 Filing
James David Works Jr., EVP and Chief Human Resources Officer at US Foods Holding Corp., reports the acquisition of 10,676 shares of common stock and the disposal of 1,065 shares to cover tax obligations.
Summary
- On March 24, 2025, James David Works Jr., an executive at US Foods Holding Corp., acquired 10,676 shares of common stock.
- These shares were obtained through restricted stock units that vest in three equal installments starting March 24, 2026.
- Each restricted stock unit represents the right to receive one share of US Foods Holding Corp.'s common stock.
- On March 25, 2025, Mr. Works disposed of 1,065 shares at a price of $65.20 to satisfy tax obligations related to the vesting of restricted stock units.
- Following these transactions, Mr. Works directly owns 143,488 shares of US Foods Holding Corp. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation and tax obligations. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The acquisition of shares by an executive could be seen as a positive signal, indicating confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax obligations is a routine transaction and doesn't necessarily indicate a negative outlook, but it does reduce the executive's holdings.
Risks
- There are no specific risks mentioned in this document.
- However, executive stock transactions are always subject to scrutiny and could be interpreted in various ways by the market.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Executive stock transactions are common in publicly traded companies and are a standard part of executive compensation packages. These transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation practices, including the granting and vesting of 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 strategies to align executive interests with shareholder value.
- The vesting schedules and terms of these grants are generally comparable to industry norms.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may view the executive's stock ownership as aligning management's interests with their own.
Key Dates
| Date | Description |
|---|---|
| November 8, 2023 | Date of Power of Attorney execution. |
| March 24, 2025 | Date of restricted stock units grant and acquisition of 10,676 shares. |
| March 25, 2025 | Date of disposal of 1,065 shares to satisfy tax obligations. |
| March 24, 2026 | Beginning date of vesting for restricted stock units. |
| March 26, 2025 | Date of signature for the report. |
Keywords
US Foods Holding Corp., James David Works Jr., stock transaction, Form 4, restricted stock units, beneficial ownership, executive compensation
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