US Foods (NYSE: USFD) officer details tax-related share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
US Foods Holding Corp. officer William Spencer Hancock reported routine tax-related share withholdings tied to vesting of restricted stock units. On March 25, he had 1,539 shares of common stock withheld at $92.48 per share, and on March 24, another 1,012 shares were withheld at $91.13 per share.
Both transactions are coded as tax-withholding dispositions rather than open-market sales. After these events, Hancock directly owned 110,784 shares of US Foods common stock, indicating he retains a substantial equity position despite the tax-related share reductions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hancock William Spencer
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,539 | $92.48 | $142K |
| Tax Withholding | Common Stock | 1,012 | $91.13 | $92K |
Holdings After Transaction:
Common Stock — 110,784 shares (Direct)
Footnotes (1)
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FAQ
What insider activity did USFD officer William Spencer Hancock report?
William Spencer Hancock reported tax-related share withholdings, not open-market trades. On March 24 and 25, a total of 2,551 US Foods common shares were withheld to cover tax obligations arising from restricted stock unit vesting, while he maintained over 110,000 shares.
Does Hancock still hold a significant stake in US Foods (USFD) after these transactions?
Yes, Hancock still holds a sizable position in US Foods. Following the March 25 tax-withholding disposition, he directly owned 110,784 shares of common stock, indicating these transactions modestly reduced his holdings while leaving a substantial remaining equity interest.
Were the USFD transactions by Hancock open-market sales or tax withholdings?
The transactions were tax withholdings, not open-market sales. Both are coded as “F” transactions, described as payment of tax liability by delivering securities, and a footnote confirms the shares were withheld to satisfy tax obligations from restricted stock unit vesting.
What is the significance of Form 4 code “F” in the USFD Hancock filing?
Code “F” indicates shares were disposed of to pay taxes or exercise costs. In Hancock’s case, it reflects withholding of US Foods common shares to satisfy tax obligations upon restricted stock unit vesting, a routine administrative event rather than a discretionary market trade.