Douglas A. Pertz - 02 Oct 2023 Form 4 Insider Report for Vestis Corp (VSTS)

Role
Director
Signature
/s/ Timothy Donovan, General Counsel, as Attorney-in-fact
Issuer symbol
VSTS
Transactions as of
02 Oct 2023
Transactions value $
$0
Form type
4
Filing time
04 Oct 2023, 21:07:30 UTC
Previous filing
01 Aug 2023
Next filing
31 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSTS Common Stock, par value $0.01 per share Award $0 +2.74K $0.00 2.74K 02 Oct 2023 Direct F1, F2
transaction VSTS Common Stock, par value $0.01 per share Award $0 +10.6K +385.68% $0.00 13.3K 02 Oct 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of deferred stock units, which will vest on January 31, 2024, subject to the Reporting Person's continued service, and, if vested, will be settled in shares of Vestis common stock on the first day of the seventh month after the date of the Reporting Person's departure from the board.
F2 Each stock unit represents the right to receive, at settlement, one share of Vestis common stock.
F3 Represents a special grant of deferred stock units, which is 100% vested upon grant, and will be settled in shares of Vestis common stock on the first day of the seventh month after the date of the Reporting Person's departure from the board.