Form 4: Vestis Corp EVP and CFO Ricky T Dillon Reports Changes in Beneficial Ownership

Ricky T Dillon, EVP and CFO of Vestis Corp, reports the acquisition and disposal of common stock and restricted stock units related to dividend equivalents.

Summary

• On October 3, 2024, Ricky T Dillon, the EVP and CFO of Vestis Corp, reported changes in beneficial ownership of Vestis Corp [VSTS] stock.
• Dillon acquired 87.612 shares of common stock due to the accrual of additional restricted stock units and distribution of shares in connection with the issuer's quarterly dividend on previously awarded restricted stock units at $0.
• Dillon disposed of 5 shares of common stock at $14.83 to cover taxes related to the vesting of dividend equivalent restricted stock units.
• Following these transactions, Dillon directly owns 55,228.058 shares of Vestis Corp.
• The additional restricted stock units vest and settle on the same schedules as the underlying awards to which they relate.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates