Vestis adopts management incentive and deferred compensation plans

Vestis Corp

Management Incentive Bonus Plan effective Sept 30, 2023, covers executives in career bands 1-3.
Deferred Compensation Plan effective Jan 1, 2024, allows directors and executives to defer cash and equity compensation.
Bonus awards based on pre-established performance measures; payout discretion retained by Compensation Committee.
Deferred amounts credited to equity accounts (company stock) or cash accounts with interest tied to Moody's Baa index.

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