SADOVE STEPHEN I 4
Research Summary
AI-generated summary
Aramark (ARMK) Director Stephen I. Sadove Receives Award
What Happened
Stephen I. Sadove, a director of Aramark (ARMK), received a grant of 7,751 deferred stock units on February 3, 2026. The filing lists a per-unit value of $38.06, for a total grant value of $295,003. This was an award (code A), not a purchase or sale — a form of director compensation rather than an open-market transaction.
Key Details
- Transaction type: Award of deferred stock units (Form 4 code A).
- Date and price: 2026-02-03 at $38.06 per unit.
- Quantity and value: 7,751 units; aggregate value $295,003 (based on reported per-unit value).
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnote: Grant is of deferred stock units that vest the day before the first annual shareholders’ meeting after the grant date (subject to continued service); if vested, units will be settled in shares on the first day of the seventh month after the director’s departure. (See F1.)
- Filing timeliness: Reported on 2026-02-04 for a 2026-02-03 grant — appears timely.
Context
Deferred stock units are a common form of non‑cash director compensation. They do not represent immediately issued common shares and only convert to stock if vesting conditions are met; settlement is delayed per the footnote. Such awards are routine and reflect compensation practices rather than an insider buying or selling shares on the market.