Form 4: Vestis Corp EVP and CFO, Ricky T Dillon, Disposes of Shares to Cover Tax Obligations
SEC Form 4
Ricky T Dillon, EVP and CFO of Vestis Corp, disposed of 2,769 shares of common stock on September 27, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On September 27, 2024, Ricky T Dillon, the EVP and CFO of Vestis Corp, disposed of 2,769 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- The shares were disposed of at a price of $15.32 per share.
- Following the transaction, Dillon beneficially owns 55,145.446 shares of Vestis Corp.
- The transaction was reported on Form 4, filed with the SEC on October 1, 2024.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of transaction: Ricky T Dillon disposed of shares. |
| 10/01/2024 | Date of Form 4 filing with the SEC. |
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