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: Dillon Ricky T (EVP and CFO)

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	6892	—	Acquired	7480	Direct
2023-10-02	Common Stock, par value $0.01 per share	A	17411	—	Acquired	24891	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-02	Stock Option (Right to Buy)	$16.69	A	19585	Acquired	2032-06-01	Common Stock, par value $0.01 per share (19585)	Direct
2023-10-02	Stock Option (Right to Buy)	$19.76	A	30593	Acquired	2032-11-17	Common Stock, par value $0.01 per share (30593)	Direct
2023-10-02	Premium Stock Option (Right to Buy)	$20.41	A	100000	Acquired	2033-10-02	Common Stock, par value $0.01 per share (100000)	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 50% on June 1, 2024 and 50% on June 1, 2025.

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 25% on November 17, 2023, 25% on November 17, 2024, 25% on November 17, 2025 and 25% on November 17, 2026.

F5: 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 June 1, 2024, and 33.34% vests on June 1, 2025. 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.

F6: 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.

F7: Represents a premium price option to purchase shares of Vestis common stock, which vests on the third anniversary of the date of grant.