Form 4: US Foods Executive William Hancock Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
William Spencer Hancock, EVP and Chief Supply Chain Officer of US Foods Holding Corp., disposed of 1,481 shares of common stock on March 27, 2024, to satisfy tax withholding obligations.
Summary
- On March 27, 2024, William Spencer Hancock, an executive at US Foods Holding Corp., disposed of 1,481 shares of common stock.
- The transaction was executed to cover tax obligations related to equity compensation.
- The price per share was $54.50.
- Following the transaction, Hancock directly owns 90,043 shares of US Foods Holding Corp.
- Hancock has granted power of attorney to Martha Ha and Brett R. Schroeder to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock transaction for tax purposes, indicating a neutral 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 monitored by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 2023/11/08 | Date of Power of Attorney execution by Bill Hancock. |
| 2024/03/27 | Date of stock disposal transaction. |
| 2024/03/29 | Date of signature for the Form 4 filing. |
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