US Foods boosts Iacobucci's LTI to $2.25M, Locascio's salary to $725k, special $2M retention grants

US Foods Holding Corp.

Andrew Iacobucci's 2023 LTI grant rises from $1.5M to $2.25M (50% RSUs, 50% performance RSUs).
Dirk Locascio's base salary increased to $725k (from $700k); LTI grant doubled to $2M (50/50 split).
Each executive gets a special $2M retention grant of time-based RSUs vesting ratably over three years.
Iacobucci's transition role concludes; he will assume a permanent role on new CEO Dave Flitman's leadership team.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Andrew E. Iacobucci

Executive Vice President and Chief Transition Officer

USFD · US Foods Holding Corp.

Filed: March 21, 2023, 7:59 PM ET

Mr. Iacobucci’s duties related to the on-boarding of the Company’s new Chief Executive Officer, David E. Flitman, will soon conclude and he will transition to a permanent role as part of Mr. Flitman’s leadership team, but his new title has not yet been determined.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.7

Andrew E. Iacobucci changed role as Executive Vice President and Chief Transition Officer at US Foods Holding Corp..

Action: transition to permanent role
Role: Executive Vice President and Chief Transition Officer

Exact text from the filing

Mr. Iacobucci’s duties related to the on-boarding of the Company’s new Chief Executive Officer, David E. Flitman, will soon conclude and he will transition to a permanent role as part of Mr. Flitman’s leadership team, but his new title has not yet been determined.

View on SEC.gov

US Foods Holding Corp. filing history →

Source: SEC EDGAR

accession 0001839882-23-007251

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.