4/A: US Foods Executive John Tonnison Adjusts Holdings Following Performance-Based Stock Unit Vesting
SEC Form 4/A
John Tonnison, EVP, Chief Information and Digital Officer of US Foods Holding Corp., reports an adjustment to his holdings following the vesting of performance-based restricted stock units.
Summary
- John Tonnison, an executive at US Foods Holding Corp., filed an amended Form 4 on April 1, 2025, to report changes in his beneficial ownership of the company's stock.
- The amendment corrects a previous filing from February 26, 2025.
- The reported transaction involves the vesting of 21,335 shares of performance-based restricted stock units on February 24, 2025, which were granted on March 28, 2022.
- The vesting was contingent upon the achievement of pre-established performance goals for the three-year period ending December 28, 2024.
- Tonnison's total holdings as of March 27, 2025, amount to 136,983 shares of common stock.
- Tonnison has granted Martha Ha and Brett R. Schroeder power of attorney to handle SEC filings related to his US Foods holdings.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The vesting of performance-based stock units suggests the company is meeting its goals, which is a positive sign. The filing is a routine update on executive stock ownership.
Positives
- The vesting of performance-based restricted stock units suggests that US Foods Holding Corp. achieved its pre-established performance goals for the relevant period.
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
Executive stock ownership and trading activity are closely watched by investors as indicators of management's confidence in the company's prospects. Vesting of performance-based equity suggests the company is meeting its targets.
Key Dates
| Date | Description |
|---|---|
| 2022-03-28 | Date performance-based restricted stock units were granted. |
| 2023-11-08 | Date of Power of Attorney execution. |
| 2024-12-28 | End date of the three-year performance period. |
| 2025-02-24 | Date of transaction (vesting of restricted stock units). |
| 2025-02-26 | Date of original Form 4 filing (amended by this filing). |
| 2025-03-27 | Date reflecting total shares held. |
| 2025-03-28 | Date the restricted stock units will vest, subject to continued employment. |
| 2025-04-01 | Date of amended Form 4/A filing. |
Keywords
Form 4, US Foods Holding Corp., Stock Options, Beneficial Ownership, John Tonnison, Vesting, Performance-Based Restricted Stock Units, SEC Filing
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