13D Filings
Vestis Corporation
VSTS
Amendment
Ownership

12.90%

Total Shares

17,007,877

Issuer CIK

1967649

CUSIP

29430C102

Event Date

May 4, 2025

Accepted

May 6, 2025, 09:19 PM

Reporting Persons (2)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
Corvex Management LP
Investment Adviser
12.90%17,007,87717,007,8770
Keith A. Meister
Individual
12.90%17,007,87717,007,8770
Disclosure Items (5)

Security Title

Common Stock, par value $0.01 per share

Issuer Name

Vestis Corporation

Issuer Address

1035 Alpharetta Street, Suite 2100, Roswell, GA, 30075

Item 4 is hereby amended and supplemented by the addition of the following: On May 5, 2025, the Issuer, Corvex and Mr. Meister entered into an amendment (the "Amendment") to the Letter Agreement that increases the beneficial ownership limit from 15.0% to 20.0% (and economic exposure limit from 17.0% to 20.0%) of the outstanding Shares that Corvex and its affiliates are permitted to acquire during the period from the date of the Letter Agreement to the date Mr. Meister is no longer serving on the Board. The standstill provisions, including the increased ownership limit, continue in effect through the date Mr. Meister is no longer serving on the Board. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is incorporated by reference as Exhibit 99.1 and is incorporated herein by reference.

Percentage of Class

Corvex may be deemed to be the beneficial owner of 17,007,877 Shares, which represent approximately 12.9% of the Issuer's outstanding Shares. By virtue of his position as control person of the general partner of Corvex, Mr. Meister may be considered to beneficially own such Shares. The percentage calculated in the immediately foregoing paragraph is calculated based on a total of 131,745,115 Shares outstanding as of January 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on February 5, 2025.

Number of Shares

Items 7 through 10 of each of the cover pages of this Amendment No. 2 are incorporated herein by reference.

Transactions

There have been no transactions in the Shares during the sixty days prior to the date hereof by any of the Reporting Persons.

Shareholders

The limited partners of (or investors in) each of the private investment funds for which Corvex or its affiliates acts as general partner and/or investment adviser have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the accounts of their respective funds in accordance with their respective limited partnership interests (or investment percentages) in their respective funds.

Date of 5% Ownership

Not applicable.

Item 6 is hereby amended and supplemented by the addition of the following: The information in Item 4 is incorporated herein by reference. The Amendment is incorporated by reference as Exhibit 99.1 and is incorporated herein by reference.

Exhibit 99.1 Amendment No. 1 to Letter Agreement, dated May 5, 2025, by and between Vestis Corporation, Corvex Management LP and Keith Meister (incorporated by reference to Exhibit 10.1 to the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 6, 2025).

Vestis Corporation — Schedule 13D | 13D Filings