Form 4: Vestis Corp Director Lynn McKee Reports Acquisition and Disposal of Shares
SEC Form 4
Director Lynn McKee reports acquiring and disposing of Vestis Corp shares, including accrual of deferred stock units and restricted stock units.
Summary
- On July 2, 2024, Lynn McKee, a director of Vestis Corp, reported transactions involving the company's common stock.
- McKee acquired 63.475 shares through the accrual of additional deferred stock units and restricted stock units related to the Issuer's quarterly dividend.
- These additional units vest and settle on the same schedules as the underlying awards.
- McKee also disposed of an unspecified amount of shares.
- Following these transactions, McKee directly owns 156,081.01 shares.
- McKee indirectly owns 25,000 shares through a limited partnership where she serves as a general partner and 32,895 shares through trusts.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider trading and is a normal part of corporate governance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of transaction: acquisition and disposal of Vestis Corp shares. |
| 07/03/2024 | Date of signature by Timothy Donovan, General Counsel, as Attorney-in-fact. |
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