Form 4: Vestis Corp CEO Kim Scott Sells Shares to Cover Tax Obligations
SEC Form 4
Vestis Corp's CEO, Kim Scott, disposed of 2,714 shares of common stock on October 2, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On October 2, 2024, Kim Scott, the President and CEO of Vestis Corp, disposed of 2,714 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- The shares were sold at a price of $14.77 per share.
- Following the transaction, Scott directly owns 170,133.025 shares of Vestis Corp common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It's neutral in sentiment as it doesn't indicate positive or negative performance for the company.
Industry Context
Executive stock sales to cover tax obligations are a common practice and do not necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of the transaction where Kim Scott disposed of shares. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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