Form 4: US Foods Executive John Tonnison Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
John Tonnison, EVP, Chief Information & Digital Officer of US Foods Holding Corp., disposed of 7,553 shares of common stock on March 28, 2024, to satisfy tax obligations.
Summary
- On March 28, 2024, John Tonnison, an executive at US Foods Holding Corp., disposed of 7,553 shares of common stock.
- The transaction was executed at a price of $53.97 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Tonnison directly owns 86,039 shares of US Foods Holding Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports a transaction related to tax obligations, which is a common occurrence. There is no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests. This transaction appears to be related to tax obligations, which is a common reason for share disposals.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2023-11-08 | Date of execution of the Power of Attorney. |
| 2024-03-28 | Date of the transaction where shares were disposed of. |
| 2024-04-01 | Date of signature by Attorney In Fact. |
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