Form 4: US Foods Executive William Hancock Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
William Spencer Hancock, EVP and Chief Supply Chain Officer at US Foods Holding Corp., disposed of 10,104 shares of common stock on March 28, 2024, to cover tax obligations.
Summary
- On March 28, 2024, William Spencer Hancock, an executive at US Foods Holding Corp., disposed of 10,104 shares of common stock.
- The transaction was executed at a price of $53.97 per share.
- This disposal was to cover tax obligations related to equity compensation.
- Following the transaction, Hancock directly owns 79,939 shares of US Foods Holding Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2023-11-08 | Date of Power of Attorney execution. |
| 2024-03-28 | Date of the transaction where shares were disposed of. |
| 2024-04-01 | Date of signature for the Form 4 filing. |
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