Laveck John 4

What Happened
John Laveck, Chief Accounting Officer of Vestis Corp (VSTS), had 4,059 shares withheld to satisfy tax obligations related to the vesting of restricted stock units. The filing shows those shares were recorded at $14.52 per share, a total value of $58,937. This is a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-07-01; Form filed: 2026-07-02 (appears timely).
• Transaction type/code: F — shares withheld to pay taxes on RSU vesting (footnote F1).
• Shares withheld/disposed: 4,059 at $14.52 each; total value ≈ $58,937.
• Shares owned after the transaction: not specified in the filing.
• Footnote: F1 — "Represents shares withheld to pay taxes applicable to vesting of restricted stock units."
• Insider status: Chief Accounting Officer (not reported as a 10% owner).

Context
Withholding shares to cover taxes is a routine administrative step when RSUs vest; the company retains a portion of vested shares rather than the insider selling shares on the open market. Such transactions typically do not signal the insider's view on the company's stock price and are common following equity vesting events.