US Foods (USFD) CEO has 20,600 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
US Foods Holding Corp. Chief Executive Officer David E. Flitman reported routine share dispositions related to tax withholding on vested equity awards. On March 24, 10,490 shares of common stock were withheld at $91.13 per share, and on March 25, 10,110 shares were withheld at $92.48 per share.
These Form 4 entries are coded “F,” meaning the shares were delivered to cover tax obligations tied to restricted stock unit vesting, not sold in open-market transactions. After these transactions, Flitman directly holds 423,150 shares of US Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Flitman David E
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 10,110 | $92.48 | $935K |
| Tax Withholding | Common Stock | 10,490 | $91.13 | $956K |
Holdings After Transaction:
Common Stock — 423,150 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did US Foods (USFD) CEO David Flitman report?
David Flitman reported share dispositions to cover tax obligations on vested restricted stock units. On March 24 and 25, a total of 20,600 US Foods common shares were withheld, rather than sold in the open market, as part of routine equity compensation tax settlement.
Were David Flitman’s US Foods (USFD) transactions open-market sales?
No, the reported transactions were not open-market sales. The Form 4 uses code “F,” indicating shares were delivered to cover tax liabilities from restricted stock unit vesting, meaning the company withheld shares instead of Flitman selling them on the market.
What does transaction code "F" mean in the US Foods (USFD) Form 4 filing?
Transaction code “F” indicates shares were used to pay an exercise price or tax liability. In this case, US Foods withheld common shares from David Flitman to satisfy tax obligations arising from restricted stock unit vesting, rather than recording a discretionary market sale.