LYNN MCKEE - 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
Net transactions value
$0
Form type
4
Filing time
04 Oct 2023, 21:06:46 UTC
Previous filing
03 Oct 2023
Next filing
08 Jan 2024
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 +2,744 +2% $0.000000 137,996 02 Oct 2023 Direct F1, F2
transaction VSTS Common Stock, par value $0.01 per share Award $0 +10,583 +7.7% $0.000000 148,579 02 Oct 2023 Direct F2, F3
holding VSTS Common Stock, par value $0.01 per share 25,000 02 Oct 2023 See footnote F4, F5
holding VSTS Common Stock, par value $0.01 per share 32,895 02 Oct 2023 By trusts F6
* 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.
F4 These shares are held by a limited partnership for which the Reporting Person serves as a general partner.
F5 On October 3, 2023, the Reporting Person filed a Form 4 which inadvertently included shares owned directly with the indirect holdings following the reported transaction. The amount of shares should have been 25,000 shares of Vestis common stock. There is no change to the transaction.
F6 On October 3, 2023, the Reporting Person filed a Form 4 which inadvertently included shares owned directly with the indirect holdings following the reported transaction. The amount of shares should have been 32,895. There is no change to the transaction.

Remarks:

The Reporting Person disclaims beneficial ownership of all indirectly held securities except to the extent of her pecuniary interest therein.