Form 4: Vestis Corp Director Richard L. Burke Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Richard L. Burke Jr. reports acquisition of deferred stock units and disposal of common stock.
Summary
- On April 4, 2024, Richard L. Burke Jr., a director of Vestis Corp, reported changes in beneficial ownership.
- He acquired 38.546 deferred stock units due to the accrual of additional units in connection with the Issuer's quarterly dividend on previously awarded deferred stock units.
- He disposed of 20,765.535 shares of common stock.
- Following these transactions, Burke beneficially owns 20,765.535 shares of Vestis Corp.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company director, with no inherently positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: acquisition of deferred stock units and disposal of common stock. |
| 04/08/2024 | Date of signature by Attorney-in-fact. |
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