DONOVAN TIMOTHY R 4

Accession 0001628280-23-033910

CIK 0001967649other

View on SEC.gov Company Profile

Filed

Oct 3, 8:00 PM ET

Accepted

Oct 4, 9:26 PM ET

Size

14.7 KB

Accession

0001628280-23-033910

Insider Transaction Report

Form 4

Period: 2023-10-02

Vestis CorpVSTS

DONOVAN TIMOTHY R

EVP, CLO and General Counsel

Transactions

Award
Common Stock, par value $0.01 per share
2023-10-02+8,957→ 9,666 total
Award
Common Stock, par value $0.01 per share
2023-10-02+12,290→ 21,956 total
Award
Stock Option (Right to Buy)
2023-10-02+26,513→ 26,513 total
Exercise: $18.25Exp: 2032-02-10→ Common Stock, par value $0.01 per share (26,513 underlying)
Award
Stock Option (Right to Buy)
2023-10-02+21,595→ 21,595 total
Exercise: $19.76Exp: 2032-11-17→ Common Stock, par value $0.01 per share (21,595 underlying)
Award
Premium Stock Option (Right to Buy)
2023-10-02+48,000→ 48,000 total
Exercise: $20.41Exp: 2033-10-02→ Common Stock, par value $0.01 per share (48,000 underlying)

Footnotes (7)

[F1]The transactions reported herein are the result of the consummation on September 30, 2023 of the distribution of approximately 130,725,188 shares of common stock of Vestis Corporation ("Vestis") by Aramark ("Aramark") to holders of Aramark common stock on a pro rata basis (the "Spin-Off").
[F2]Represents conversion of an award of restricted stock units granted by Aramark into restricted stock units with respect to Vestis common stock as a result of the Spin-Off, which will vest 50% on February 10, 2024 and 50% on February 10, 2025.
[F3]Each restricted stock unit represents the right to receive, at settlement, one share of Vestis common stock.
[F4]Represents conversion of an award of restricted stock units granted by Aramark into restricted stock units with respect to Vestis common stock as a result of the Spin-Off, which will vest 25% on November 17, 2023, 25% on November 17, 2024, 25% on November 17, 2025 and 25% on November 17, 2026.
[F5]Represents conversion of an option to purchase Aramark common stock granted by Aramark into the option to purchase Vestis common stock as a result of the Spin-Off, of which 33.33% is fully vested, 33.33% vests on February 10, 2024, and 33.34% vests on February 10, 2025. The exercise price reflects the adjustments that occurred as of October 2, 2023 in connection with the Spin-Off as described in the registration statement on Form 10 filed with the SEC by Vestis.
[F6]Represents conversion of an option to purchase Aramark common stock granted by Aramark into the option to purchase Vestis common stock as a result of the Spin-Off, of which 25% vests on November 17, 2023, 25% vests on November 17, 2024, 25% vests on November 17, 2025 and 25% vests on November 17, 2026. The exercise price reflects the adjustments that occurred as of October 2, 2023 in connection with the Spin-Off as described in the registration statement on Form 10 filed with the SEC by Vestis.
[F7]Represents a premium price option to purchase shares of Vestis common stock, which vests on the third anniversary of the date of grant.

Documents

1 file

4
wk-form4_1696469177.xmlPrimary
FORM 4

Issuer

Vestis Corp

CIK 0001967649

→

Entity typeother

Related Parties

filerCIK 0001171341

Filing Metadata

Form type: 4
Filed: Oct 3, 8:00 PM ET
Accepted: Oct 4, 9:26 PM ET
Size: 14.7 KB

View on SEC.gov