Vestis Corp — Director's Dealing 2023

Oct 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vestis Corp (VSTS)
CIK: 0001967649
Period of Report: 2023-10-02

Reporting Person: Scott Kim (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-02	Common Stock, par value $0.01 per share	A	40173	—	Acquired	40173	Direct
2023-10-02	Common Stock, par value $0.01 per share	A	13216	—	Acquired	53389	Direct
2023-10-02	Common Stock, par value $0.01 per share	A	17925	—	Acquired	71314	Direct
2023-10-02	Common Stock, par value $0.01 per share	A	27190	—	Acquired	98504	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-02	Stock Option (Right to Buy)	$18.09	A	53765	Acquired	2031-11-18	Common Stock, par value $0.01 per share (53765)	Direct
2023-10-02	Stock Option (Right to Buy)	$19.76	A	62984	Acquired	2032-11-17	Common Stock, par value $0.01 per share (62984)	Direct
2023-10-02	Premium Stock Option (Right to Buy)	$20.41	A	320000	Acquired	2033-10-02	Common Stock, par value $0.01 per share (320000)	Direct
2023-10-02	Stock Option (Right to Buy)	$17.01	A	65050	Acquired	2033-10-02	Common Stock, par value $0.01 per share (65050)	Direct

Footnotes

F1: The transactions reported herein are the result of the consummation on September 30, 2023 of the distribution of approximately 130,725,188 shares of common stock of Vestis Corporation ("Vestis") by Aramark ("Aramark") to holders of Aramark common stock on a pro rata basis (the "Spin-Off").

F2: Represents conversion of an award of restricted stock units granted by Aramark into restricted stock units with respect to Vestis common stock as a result of the Spin-Off, which will vest 100% on October 18, 2023.

F3: Each restricted stock unit represents the right to receive, at settlement, one share of Vestis common stock.

F4: Represents conversion of an award of restricted stock units granted by Aramark into restricted stock units with respect to Vestis common stock as a result of the Spin-Off, which will vest 50% on November 18, 2023 and 50% on November 18, 2024.

F5: Represents conversion of an award of restricted stock units granted by Aramark into restricted stock units with respect to Vestis common stock as a result of the Spin-Off, which will vest 25% on November 17, 2023, 25% on November 17, 2024, 25% on November 17, 2025, and 25% on November 17, 2026.

F6: Represents a grant of restricted stock units, which vests in three equal annual installments beginning on the first anniversary of the grant date.

F7: Represents conversion of an option to purchase Aramark common stock granted by Aramark into the option to purchase Vestis common stock as a result of the Spin-Off, of which 33.33% is fully vested, 33.33% vests on November 18, 2023, and 33.34% vests on November 18, 2024. The exercise price reflects the adjustments that occurred as of October 2, 2023 in connection with the Spin-Off as described in the registration statement on Form 10 filed with the SEC by Vestis.

F8: Represents conversion of an option to purchase Aramark common stock granted by Aramark into the option to purchase Vestis common stock as a result of the Spin-Off, of which 25% vests on November 17, 2023, 25% vests on November 17, 2024, 25% vests on November 17, 2025 and 25% vests on November 17, 2026. The exercise price reflects the adjustments that occurred as of October 2, 2023 in connection with the Spin-Off as described in the registration statement on Form 10 filed with the SEC by Vestis.

F9: Represents a premium price option to purchase shares of Vestis common stock, which vests on the third anniversary of the date of grant.

F10: Represents an option to purchase shares of Vestis common stock, which vests in three equal annual installments beginning on the first anniversary of the grant date.