Form 4: Vestis Corp Director Lynn McKee Reports Acquisition of Stock Units
SEC Form 4 Filing
Director Lynn McKee reports the acquisition of additional deferred stock units and restricted stock units related to Vestis Corp's quarterly dividend.
Summary
- On March 18, 2025, Lynn McKee, a director of Vestis Corp, reported the acquisition of additional deferred stock units and restricted stock units.
- These units were accrued in connection with the Issuer's quarterly dividend on previously awarded deferred stock units and restricted stock units.
- The additional 71.19 units vest and settle on the same schedules as the underlying awards to which they relate.
- Following the transaction, McKee directly owns 164,982.353 shares of common stock.
- McKee also 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 regulatory filing detailing an insider transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves the routine accrual of stock units related to a dividend.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of transaction: Acquisition of deferred stock units and restricted stock units. |
| 03/19/2025 | Date of Power of Attorney execution. |
| 03/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Vestis Corp, Lynn McKee, Director, Stock Units, Dividend, Beneficial Ownership, Form 4, Securities
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