Form 4: Vestis Corp Director Pertz Douglas A Reports Acquisition of Deferred Stock Units
SEC Form 4
Director Douglas A Pertz reports acquiring additional deferred stock units in Vestis Corp due to dividend accrual, while also disposing of shares.
Summary
- On April 4, 2024, Douglas A Pertz, a director of Vestis Corp, reported a transaction involving the company's common stock.
- Pertz acquired 38.546 deferred stock units due to the Issuer's quarterly dividend on previously awarded deferred stock units.
- Pertz also disposed of 31,135.535 shares.
- Following the reported transaction, Pertz beneficially owns 31,135.535 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Acquisition of deferred stock units and disposal of shares. |
| 04/08/2024 | Date of signature by Attorney-in-fact. |
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