Vestis names Jim Barber CEO effective June 2, 2025, with $950,000 base salary
Vestis appointed Jim Barber, a retired UPS Chief Operating Officer, as President and Chief Executive Officer effective June 2, 2025, and he will join the board at that time. The filing sets his pay at a $950,000 base salary, a 125% target bonus, a $4 million annual target equity award, and a $3 million sign-On award, and it describes severance terms if he is terminated without cause.
Key points
- Jim Barber, 64, becomes President and CEO effective June 2, 2025; he previously served as UPS Chief Operating Officer from 2018 until January 2, 2020.
- Initial base salary is $950,000, with a target annual bonus of 125% of base salary beginning with fiscal 2026.
- Annual equity target grant value is $4,000,000 starting fiscal 2026, and a $3,000,000 sign-on restricted stock unit award vests on the third anniversary of the effective date.
- Severance if terminated without cause or for good reason before the fourth anniversary includes 18 months of base salary plus target bonus; a change-of-control termination pays 2 times base salary plus target bonus.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.