Vestis Corp·4

Feb 20, 5:15 PM ET

Meister Keith A. 4

Research Summary

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Vestis (VSTS) 10% Owner Keith Meister Receives RSU Award

What Happened

  • Keith A. Meister, a 10% owner and member of Vestis Corp's board, was granted 18,253 restricted stock units (RSUs) on February 18, 2026. The award is reported at $0.00 (no cash paid) and represents a grant of equity that will convert to shares if and when the RSUs vest.
  • The RSUs vest on the earlier of (1) the first anniversary of the grant date or (2) the day prior to the issuer’s next annual meeting of stockholders, provided Mr. Meister continues to serve on the board (see footnote F1). Footnote F2 notes an additional 0.006 shares due to rounding on settlement.

Key Details

  • Transaction date: 2026-02-18; Transaction type: Award/Grant (A); Amount: 18,253 RSUs; Reported price: $0.00.
  • Filing date: 2026-02-20 (covers the Feb 18 grant) — appears to be filed within the typical Form 4 timing window.
  • Shares owned/beneficial ownership: the filing does not report Mr. Meister’s direct post-grant share total here. Footnote F3 discloses that investment funds advised by Corvex Management LP directly hold 19,813,963 Vestis shares; Mr. Meister may be deemed to indirectly beneficially own those shares by virtue of his control of Corvex’s general partner. Footnote F4 contains a disclaimer that neither Corvex nor Mr. Meister claim beneficial ownership except to the extent of pecuniary interest.
  • Notable footnotes: F1 = RSU vesting conditions; F2 = rounding adjustment; F3/F4 = Corvex-related holdings and disclaimers.

Context

  • RSUs are a form of compensation that convert to shares upon vesting; this award does not involve an open-market purchase or sale and does not necessarily signal a personal cash investment by the insider.
  • As a reported 10% owner with indirect holdings via Corvex-advised funds, Mr. Meister’s filing includes customary disclosures about indirect ownership and disclaimers; this grant reflects company compensation to a director rather than a market buy/sell by an executive.