McKee Lynn 4
Research Summary
AI-generated summary
Vestis (VSTS) Director McKee Lynn Receives 18,253-Share Award
What Happened
McKee Lynn, a director of Vestis Corp (VSTS), was granted 18,253 restricted stock units (RSUs) on February 18, 2026. The RSUs were reported at an acquisition price of $0.00 (total reported value $0) — this is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-18; Filing date: 2026-02-20 (appears timely).
- Award: 18,253 RSUs at $0.00 per share (total reported value $0).
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F1: RSUs vest on the earlier of (1) first anniversary of grant or (2) day before the issuer’s next annual meeting, subject to continued board service.
- F2: Includes an additional 0.006 shares due to rounding upon settlement of vested awards.
- F3: Some shares are held by a limited partnership for which the reporting person serves as general partner.
- Transaction type code: A = Award/Grant.
Context
RSU grants are a form of director compensation and do not by themselves indicate buying or selling intent in the market. These RSUs will convert to company shares only if/when they vest per the schedule in F1; the filing shows no immediate sale or cashless exercise. Retail investors typically view grants as routine compensation, though they can modestly align directors’ interests with shareholders over time.