Form 4: Vestis Corp CEO Kim Scott Reports Acquisition of Restricted Stock Units Due to Dividend

Vestis Corp's CEO, Kim Scott, reports the acquisition of additional restricted stock units resulting from the company's quarterly dividend on previously awarded units.

Summary

• Kim Scott, President and CEO of Vestis Corp, filed a Form 4 on March 20, 2025, reporting a transaction that occurred on March 18, 2025.
• The transaction involved the acquisition of 371.98 shares of Common Stock due to the accrual of additional restricted stock units related to the Issuer's quarterly dividend.
• These additional restricted stock units vest and settle on the same schedule as the underlying awards.
• Following the transaction, Kim Scott directly owns 216,413.562 shares of Vestis Corp.
• A Power of Attorney document is included, granting Andre C. Bouchard, Kelly Janzen, and Brian J. Casey the authority to execute Forms 3, 4, and 5 on behalf of Kim Scott.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (dividend accrual) and standard corporate governance practices, suggesting a neutral to slightly positive sentiment.

Positives

• The acquisition of shares through dividend accrual indicates a continued investment in the company by the CEO.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, Vestis Corp, Kim Scott, restricted stock units, dividend, beneficial ownership, power of attorney, VSTS