Flitman David E 4
Research Summary
AI-generated summary
US Foods (USFD) CEO David Flitman Sells 38,405 Shares
What Happened
David E. Flitman, CEO of US Foods Holding Corp. (USFD), had 38,405 shares disposed on Feb 6, 2026 to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $90.33 each, for a total of approximately $3,469,124. This was a tax-withholding disposition (routine), not an open-market sale for cash generation or a purchase.
Key Details
- Transaction date: 2026-02-06; filing date (Form 4): 2026-02-09. No late-filing flag is indicated in the record provided.
- Price per share: $90.33; shares disposed/withheld: 38,405; total value: ~$3,469,124.
- Shares owned after the transaction: not specified in the excerpt provided.
- Transaction code/footnote: F — withholding of shares to satisfy tax obligations in connection with RSU vesting (footnote F1).
- Nature: tax withholding on vested restricted stock units (routine administrative disposition).
Context
- This type of transaction is a common administrative step when RSUs vest: the company withholds shares to cover required taxes rather than the insider selling shares on the open market. It does not necessarily signal a change in the insider’s view of the company.
- Because this was withholding to pay taxes (code F), it differs from a voluntary sale (code S) or purchase (code P); interpret accordingly.