David E. Flitman - 05 Jan 2023 Form 4 Insider Report for US Foods Holding Corp. (USFD)

Key filing fact

David E. Flitman filed Form 4 for US Foods Holding Corp. (USFD) on 09 Jan 2023.

Key facts

This page summarizes David E. Flitman's Form 4 filing for US Foods Holding Corp. (USFD).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 09 Jan 2023, 16:42.

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

USFD transaction Derivative

Award

^* indicates a reported price that failed the local validity check.

Id	Content
F1	Security converts to common stock on a one-to-one basis.
F2	The performance-based restricted share units ("PRSUs") vest in two equal tranches of 84,081 (each, a "Tranche") each if the following conditions are met: (a) the first Tranche of 84,081 shares will vest on the second anniversary of the grant date, or January 5, 2025, if the share price for the Company's common stock equals or exceeds $40 per share on any 30 consecutive days during the period between the date of grant and January 5, 2025; and (b) the second Tranche of 84,081 shares will vest on the fourth anniversary of the grant date, or January 5, 2027, if the share price for the Company's common stock equals or exceeds $55 per share on any 30 consecutive days during the period between the date of grant and January 5, 2027.
F3	With certain exceptions in the event of a change in control, if the applicable performance goal is not achieved by the last day of the applicable measurement period, then such Tranche will be forfeited without consideration. The Company's Board of Directors approved the grant of the PRSUs in connection with the reporting person's appointment as Chief Executive Officer effective January 5, 2023.