secwatch.observer — SEC 8-K summary
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Issuer:     US Foods Holding Corp. (USFD)
CIK:        0001665918
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001839882-23-007251
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665918/000183988223007251/0001839882-23-007251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665918/000183988223007251/usfd-8k_031523.htm
  HTML page:      https://secwatch.observer/filing/0001839882-23-007251

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer