4/A: US Foods Executive Steven Guberman Corrects Form 4 Filing, Reports Stock Unit Adjustment
SEC Form 4/A
Steven Guberman, Chief Transformation Officer & EVP at US Foods Holding Corp., amended a previous Form 4 filing to reflect an adjustment in performance-based restricted stock units.
Summary
- Steven Guberman, a US Foods Holding Corp. executive, filed an amended Form 4 with the SEC.
- The amendment corrects a previous filing from February 26, 2025, regarding changes in beneficial ownership of securities.
- The filing reports an adjustment of 26,667 shares of performance-based restricted stock units, granted on March 28, 2022, and adjusted on February 24, 2025, based on the company's achievement of performance goals for the three-year period ending December 28, 2024.
- These restricted stock units will vest on March 28, 2025, contingent upon Guberman's continued employment.
- After the reported transaction, Guberman beneficially owns a total of 156,476 shares as of March 27, 2025.
- Guberman has also granted power of attorney to Martha Ha and Brett R. Schroeder to handle SEC filings on his behalf.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The adjustment of stock units based on performance is a neutral to slightly positive signal, suggesting the company met certain goals.
Positives
- The filing provides transparency regarding executive compensation and stock ownership.
- The adjustment of restricted stock units reflects the company's performance against pre-established goals.
Future Outlook
The restricted stock units will vest on March 28, 2025, contingent upon the reporting person's continued employment with the Issuer through the vesting date.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Executive compensation packages often include performance-based restricted stock units to align management's interests with those of shareholders.
- Companies like Sysco and Performance Food Group also utilize similar equity-based compensation strategies.
- The vesting schedules and performance metrics associated with these units vary across companies and are tailored to specific strategic goals.
Stakeholder Impact
- Shareholders are informed about changes in executive stock ownership.
- Employees may be impacted by the performance metrics tied to the restricted stock units.
Key Dates
| Date | Description |
|---|---|
| March 28, 2022 | Date of grant for performance-based restricted stock units. |
| November 8, 2023 | Date of execution for Power of Attorney. |
| December 28, 2024 | End date of the three-year performance period. |
| February 24, 2025 | Date of adjustment to the restricted stock units. |
| February 26, 2025 | Date of original Form 4 filing that was amended. |
| March 27, 2025 | Date reflecting total shares held. |
| March 28, 2025 | Vesting date for the restricted stock units. |
| April 01, 2025 | Date of signature for the amended Form 4 filing. |
Keywords
Form 4, US Foods, Guberman, Restricted Stock Units, Beneficial Ownership, SEC Filing, Amendment, Executive Compensation
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