Form 4: Vestis Corp CFO Ricky T. Dillon Executes Stock Transaction

Vestis Corp's EVP and CFO, Ricky T. Dillon, had shares withheld to cover taxes related to vesting restricted stock units.

Summary

• Ricky T. Dillon, the EVP and CFO of Vestis Corp, had shares withheld to cover taxes associated with the vesting of restricted stock units.
• The transaction involved 66,789.974 shares of common stock, with a par value of $0.01 per share.
• The shares were withheld on December 6, 2024, at a price of $16.30 per share.
• The transaction was executed to satisfy tax obligations related to the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation, which is neither positive nor negative from an investment perspective.

Industry Context

This type of transaction is common for executives who receive stock-based compensation, as they often need to cover taxes upon vesting.

Comparison to Industry Standards

• Stock withholding for tax purposes is a standard practice across publicly traded companies.
• The number of shares withheld and the price are specific to the executive's compensation package and the company's stock performance.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard practice.

Key Dates

Keywords

Vestis Corp, stock transaction, restricted stock units, tax withholding, executive compensation, Ricky T. Dillon