Form 4: Vestis Corp EVP and CFO, Ricky T Dillon, Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Ricky T Dillon, EVP and CFO of Vestis Corp, disposed of 1,033 shares of common stock on June 1, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On June 1, 2024, Ricky T Dillon, the EVP and CFO of Vestis Corp, disposed of 1,033 shares of Vestis Corp 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 $12.32 per share.
- Following the transaction, Dillon directly owns 57,803.789 shares of Vestis Corp common stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (stock disposal for tax obligations) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock transactions are a common occurrence, often related to compensation and tax planning. The disposal of shares to cover tax obligations is a routine practice.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of stock disposal transaction |
| 06/04/2024 | Date of signature on the Form 4 filing |
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