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 of US Foods Holding Corp., disposed of 1,743 shares of common stock on March 27, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 27, 2025, William Spencer Hancock, an executive at US Foods Holding Corp., disposed of 1,743 shares of common stock.
- The transaction was executed at a price of $65.28 per share.
- The disposal was to satisfy tax obligations related to the vesting of restricted stock units.
- Following the transaction, Hancock directly owns 117,676 shares of US Foods Holding Corp.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and subsequent share disposals for tax obligations, are standard across publicly traded companies.
- Companies like Sysco and Performance Food Group also have executives who regularly report similar transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 2023-11-08 | Date of Power of Attorney execution. |
| 2025-03-27 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 2025-03-31 | Date of signature for the Form 4 filing. |
Keywords
US Foods Holding Corp, William Spencer Hancock, Form 4, Share Disposal, Tax Obligations, Restricted Stock Units, Executive, USFD
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