- What is Vestis's stock symbol?
Our stock is traded on the NYSE under the symbol VSTS.
- When is Vestis's fiscal year end?
Our fiscal year is the 52- or 53-week period which ends on the Friday nearest to September 30th.
- What was the Vestis transaction?
On September 30, 2023, Aramark distributed its interest in Vestis to holders of Aramark stock. Holders of Aramark common stock received 1 share of Vestis common stock for every 2 shares of Aramark common stock held at the close of business on the record date, September 20, 2023.
- How many shares of Vestis common stock did I receive in the transaction?
Shareholders that held Aramark stock as of the September 20 record date and did not sell their rights to receive Vestis stock before the September 30 distribution date, received 1 share of Vestis common stock for every 2 shares of Aramark common stock they held. If you were entitled to receive a fraction of a share of Vestis common stock, the enclosed check represents cash in lieu of a fractional share.
- Is this a taxable transaction?
It is expected that the receipt of Vestis common stock in this transaction will be tax-free to Aramark stockholders.
- How were my shares of Vestis issued?
All whole shares of Vestis common stock have been issued in direct registration (book-entry) form by Vestis’s transfer agent, Computershare. Computershare has recorded your Vestis shares on its books. Aramark stockholders entitled to receive Vestis common stock are receiving the attached Transaction Advice as evidence of ownership of Vestis shares and, if applicable, a check representing the value of any fractional share of Vestis. Please retain this Advice for your files.
- What is the Direct Registration System and what are its benefits?
The Direct Registration System (“DRS”) is a no-cost service that allows your Vestis shares to be recorded and tracked electronically without having a physical stock certificate issued. With DRS, you retain full ownership of your shares, as well as all of the voting and other rights and privileges of being a Vestis stockholder. DRS provides an attractive and convenient alternative to holding physical stock certificates.
- How do I transfer DRS shares?
The requirements for transferring DRS shares are the same as those for transferring certificated shares, except that with DRS, there is no certificate to surrender. Call Computershare toll free at 1-866-815-8050 or visit their website at www.computershare.com/investor and review the Direct Registration Transaction Form for more information.
- How do I deliver my DRS shares to my broker?
You may authorize your broker to send an electronic instruction to Computershare to debit DRS shares from your account at Computershare and deliver them electronically to your account with your broker. You will need to provide your broker with the following information, most of which can be found on the enclosed Transaction Advice: your Computershare account number, your social security number or taxpayer ID number, the name on your DRS account, the number of DRS shares to be delivered, and Computershare’s DTC number, 7807.
- How do I purchase additional Vestis stock?
You may purchase additional Vestis stock at any time either through a broker or through the Computershare Investment Plan (CIP) at www.computershare.com/investor - Buy Stock Direct. The direct stock purchase plan provides shareholders with a convenient method of purchasing or selling shares of Vestis common stock. The Computershare CIP includes a dividend reinvestment option, which will allow you to reinvest your dividends into the purchase of additional Vestis shares. A copy of the Computershare CIP is enclosed.
- What is Vestis’s dividend policy?
The Vestis dividend policy will be determined by the Vestis Board of Directors.
- Will my election to have my Aramark dividends either partially or fully reinvested be carried over for my Vestis shares?
Yes. If you elected to have either partial or full reinvestment of dividends on your Aramark shares, you will automatically be enrolled for either partial or full dividend reinvestment of dividends on your Vestis shares in the Computershare CIP. To review or change your Vestis account dividend reinvestment election, please access your account at www.computershare.com/investor.
- Can I have my Vestis dividends sent to my bank account via direct deposit?
Yes. You may authorize Computershare to directly deposit your Vestis dividends, when paid, to your checking or savings account. If you have direct deposit of dividends for your Aramark shares, you will automatically be enrolled in direct deposit of dividends for your Vestis shares. To review or change this election, please access your account at www.computershare.com/investor.
- How will the transaction affect my Aramark shares?
The transaction will have no impact on the number of shares of Aramark common stock that you own. Unless you sold or otherwise disposed of your Aramark shares, you will continue to own the same number of shares of Aramark common stock before and after the spin-off. This transaction adds Vestis common stock to your portfolio.
- How can I contact Vestis’s agent for more information about my Vestis account?
Computershare is your primary contact (1-866-815-8050) for issues and questions relating to your dividend checks, dividend direct deposits, change of address, transferring stock and any other questions related to your registered stock.
Web:
www.computershare.com/investorTelephone inquiries:
1-866-815-8050
(USA, US territories & Canada)
1-617-360-6999 (outside the US & Canada)Written requests:
Computershare Trust Company, N.A.
Shareholder Services
PO Box 43006
Providence, RI, 02940-3006
UNITED STATESBy overnight delivery:
Computershare Shareholder Services
150 Royall Street
Canton, MA 02021