Form 4: Vestis Corp EVP and CTO Grant Shih Reports Acquisition and Disposal of Common Stock Due to Dividend

Grant Shih, EVP and CTO of Vestis Corp, reports the acquisition of 31.578 shares and disposal of 11,680.651 shares of common stock due to dividend accrual on restricted stock units.

Summary

• Grant Shih, the EVP and CTO of Vestis Corp, filed a Form 4 on March 20, 2025, reporting changes in beneficial ownership of Vestis Corp stock.
• The report indicates that on March 18, 2025, Mr. Shih acquired 31.578 shares of common stock at $0 per share due to the accrual of additional restricted stock units in connection with the Issuer's quarterly dividend on previously awarded restricted stock units.
• The report also indicates that on March 18, 2025, Mr. Shih disposed of 11,680.651 shares of common stock.
• Following these transactions, Mr. Shih beneficially owns 11,680.651 shares of Vestis Corp.
• The filing was made on his behalf by Brian J. Casey, as Attorney-in-fact, according to a previously filed Power of Attorney.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Vestis Corp, Grant Shih, Stock, Dividend, Restricted Stock Units, VSTS