US Foods (NYSE: USFD) officer granted shares as PSUs vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
US Foods Holding Corp. officer John A. Tonnison received 27,287 shares of common stock through the vesting and settlement of performance stock units granted on March 27, 2023, based on performance over fiscal years 2023–2025. To cover related tax obligations, 10,738 shares tied to those performance stock units and 2,197 shares tied to restricted stock units were withheld at $90.86 per share instead of being sold in the market. After these compensation-related events, he directly owns 133,517 shares of US Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Tonnison John A
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,287 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,738 | $90.86 | $976K |
| Tax Withholding | Common Stock | 2,197 | $90.86 | $200K |
Holdings After Transaction:
Common Stock — 146,452 shares (Direct)
Footnotes (1)
- Shares acquired upon vesting and settlement of performance stock units granted on March 27, 2023, with the number of shares earned based on achievement against certain performance metrics following the end of a three-year performance period (fiscal years 2023-2025). Reflects withholding of shares to satisfy tax obligations in connection with the vesting of performance stock units. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of restricted stock units.
Key Figures
Shares acquired via PSU vesting: 27,287 shares
Tax withholding from PSUs: 10,738 shares at $90.86
Tax withholding from RSUs: 2,197 shares at $90.86
+3 more
6 metrics
Shares acquired via PSU vesting
27,287 shares
Common stock from performance stock units vesting on March 27, 2026
Tax withholding from PSUs
10,738 shares at $90.86
Withheld to satisfy tax obligations on PSU vesting
Tax withholding from RSUs
2,197 shares at $90.86
Withheld to satisfy tax obligations on RSU vesting
Total tax-withheld shares
12,935 shares
Sum of F-code tax-withholding dispositions
Shares owned after transactions
133,517 shares
Directly owned common stock following Form 4 events
Tax withholding reference price
$90.86 per share
Price used for tax-withholding share calculations
Key Terms
performance stock units, restricted stock units, vesting, tax obligations
4 terms
performance stock units financial
"Shares acquired upon vesting and settlement of performance stock units granted on March 27, 2023"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
restricted stock units financial
"Reflects withholding of shares to satisfy tax obligations in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"Shares acquired upon vesting and settlement of performance stock units granted on March 27, 2023"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax obligations financial
"Reflects withholding of shares to satisfy tax obligations in connection with the vesting of performance stock units"
FAQ
What insider transaction did US Foods (USFD) report for John A. Tonnison?
US Foods reported that officer John A. Tonnison received 27,287 shares of common stock from vesting performance stock units. These units were granted on March 27, 2023 and based on performance over fiscal years 2023–2025, representing compensation rather than an open-market purchase.
Were the US Foods (USFD) Form 4 transactions open-market buys or sells?
The Form 4 does not show open-market buys or sells. It reports a grant-related acquisition of 27,287 shares from vesting performance stock units, and two tax-withholding dispositions totaling 12,935 shares to satisfy tax liabilities tied to performance and restricted stock unit vesting.
What performance period was used for John A. Tonnison’s US Foods (USFD) performance stock units?
The performance stock units that vested for John A. Tonnison were granted on March 27, 2023 and measured results over a three-year performance period. That period covered fiscal years 2023, 2024, and 2025, with shares ultimately delivered based on achieved performance metrics.