Form 4: Vestis Corp: Director Keith Meister Reports Changes in Beneficial Ownership

Keith Meister, a director and 10% owner of Vestis Corp, reported acquiring restricted stock units and adjustments to his indirect beneficial ownership of the company's common stock.

Summary

• On January 28, 2025, Keith Meister, a director and 10% owner of Vestis Corp, reported transactions involving the company's common stock.
• Meister acquired 8,734 shares of common stock in the form of restricted stock units.
• These restricted stock units vest on the earlier of the first anniversary of the grant date or the day prior to the Issuer's next annual general meeting of stockholders after the grant date, contingent on continued service on the board.
• He also reported an additional 0.936 shares due to rounding upon settlement of vested awards.
• Investment funds advised by Corvex Management LP, where Meister controls the general partner, directly hold 17,007,877 shares of Vestis Corp common stock.
• Meister disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to the market regarding the holdings and transactions of key individuals.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It may influence investor perception of the company based on insider activity.

Key Dates