Aramark (ARMK) — Current Report

Key Insights

• Aramark granted a $3 million restricted stock unit (RSU) award to its Chief Operating Officer, Marc Bruno, to incentivize his continued leadership and a smooth CEO transition.
• The company also granted a $3 million RSU award to its Chief Operating Officer of International operations, Carl Mittleman, on the same terms as the award to Mr. Bruno.
• The vesting of these RSU awards is tied to the earlier of the third anniversary of the grant date or six months after the appointment of a new permanent CEO, indicating the board's focus on executive continuity and succession planning.