Form 4: Vestis Corp Executive Timothy Donovan Reports Stock Transaction

EVP, CLO, and General Counsel of Vestis Corp, Timothy Donovan, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On February 10, 2025, Timothy Donovan, EVP, CLO and General Counsel of Vestis Corp, reported a transaction involving the disposition of 1,457 shares of common stock to cover tax obligations.
• The shares were disposed of at a price of $13.76 per share.
• Following the transaction, Donovan beneficially owns 52,946.334 shares of Vestis Corp.
• The transaction was related to the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a stock transaction related to tax obligations, and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the stock's price and investor confidence.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Vestis Corp, Timothy Donovan, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, VSTS