Aramark (ARMK) CFO James J. Tarangelo Exercises Options, Sells Shares

What Happened

• James J. Tarangelo, Executive Vice President and Chief Financial Officer of Aramark (ARMK), exercised 8,852 stock options on 2026-09-03. The exercise created gross value of about $502,882 (8,852 shares × $56.81 fair market value). To cover the exercise price and tax withholding, 6,048 shares were disposed, leaving a net of 2,804 shares retained by Tarangelo. The reported exercise price paid was $24.58 per option (total $217,582).

Key Details

• Transaction date: 2026-09-03; Form 4 filed 2026-09-04 (timely within SEC rules).
• Option exercise (code M): 8,852 options exercised @ exercise price $24.58; gross market value ≈ $502,882.
• Tax/exercise withholding (code F): 6,048 shares withheld/disposed @ $56.81 = $343,587.
• Net shares acquired/retained: 2,804 shares, valued at ≈ $159,295 based on $56.81 per share.
• Footnotes: F1 — net exercise in which shares were disposed to satisfy exercise price and tax withholding; F2 — options were fully vested and were scheduled to expire on Nov 18, 2026.
• Shares owned after the transaction: not disclosed in the supplied filing excerpt.

Context

• This was a cashless/net exercise: options were exercised and a portion of the resulting shares were withheld/sold to pay the exercise price and taxes, which is a routine administrative action and not necessarily a directional bet on the stock.
• Transaction codes: M = option exercise; F = payment of exercise price/tax withholding.
• No indication in the filing that this was part of a 10b5-1 plan or that the filing was late.