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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Pay vs Performance Disclosure    
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total for
CEO (1)
($)
Compensation
Actually Paid
to CEO (2)
($)
Average
Summary
Compensation
Table Total for
Non-CEO NEOs
($)
Average
Compensation
Actually Paid
to Non-CEO
NEOs
($)
Value of Initial Fixed $100
Investment Based On (3)
Net Income
(Loss) (4)
($)
Company
Selected
Performance
Measure -
Adjusted
EBITDA (5)
($)
Total
Shareholder
Return
($)
Peer Group
Total
Shareholder
Return (3)
($)
2024
$10,448,954
$8,142,899
$2,166,012
$744,527
$79.50
$161.63
$238,100,000
$352,900,000
2023
$3,181,908
$1,431,836
$1,029,502
$639,455
--
--
$293,700,000
$404,000,000
__________________
 
Company Selected Measure Name Adjusted EBITDA  
Named Executive Officers, Footnote Ms. Scott served as CEO in fiscal years 2023 and 2024.Non-CEO NEOs were as follows for fiscal years 2023 and 2024:
(i)2024: Messrs. Dillon, Donovan, Shih and Ms. Kervin.
(ii)2023: Messrs. Dillon, Donovan, Shih and Ms. Kervin.
 
Peer Group Issuers, Footnote Total Shareholder Return (TSR) assumes $100 is invested as of October 2, 2023. TSR represents cumulative return over fiscal year 2024. The Peer
Group used for this calculation was the Standard & Poor’s Small Cap 600 Index (or “S&P 600”) which is also reported in our Annual Report on Form
10-K in the Stock Performance Graph for fiscal year 2024.
 
PEO Total Compensation Amount $ 10,448,954 $ 3,181,908
PEO Actually Paid Compensation Amount $ 8,142,899 1,431,836
Adjustment To PEO Compensation, Footnote To determine the amounts in column (a) in the PvP table, the following amounts were deducted from and added to
(as applicable) Ms. Scott’s total compensation as reported in the Summary Compensation Table (SCT), in accordance with
Item 402(v) of Regulation S-K.
Year
SCT Total
Reported for
Ms. Scott
($)
SCT Reported
Equity Value for
Ms. Scott
($)
Equity
Award Value
Adjustments for
Ms. Scott (1)
($)
Compensation
Actually Paid to
Ms. Scott
($)
2024
$10,448,954
($9,493,722)
$7,187,667
$8,142,899
2023
$3,181,908
($1,750,072)
$0
$1,431,836
__________________
(1)Represents the year-over-year change in the fair value of Ms. Scott’s equity awards as summarized below:
Year
Year End Fair
Value
Outstanding
and Unvested
Equity Awards
Granted this
Year ($)
Year over Year
Change in
Value of
Outstanding
and Unvested
Equity Awards
Granted in
Prior Years ($)
Fair Value as
of the Vesting
Date of Equity
Awards
Granted in the
Year ($)
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested
this Year ($)
Fair Value at
the end of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions
this Year ($)
Value of
Dividends or
other earnings
Paid on Equity
Awards not
reflected in
Fair Value or
Total Comp.
($)
Total Equity
Award
Adjustments
($)
2024
$7,832,897
($311,054)
$0
($70,221)
($263,955)
$0
$7,187,667
2023
$0
$0
$0
$0
$0
$0
$0
__________________
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes,
reflecting updated economic assumptions as of the valuation dates and adjustments to the expected term for options significantly
in-the-money or out-of-the-money. For additional information on the valuation assumption refer to “Note 12 – Share-Based
Compensation” to our audited consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended
September 27, 2024.
 
Non-PEO NEO Average Total Compensation Amount $ 2,166,012 1,029,502
Non-PEO NEO Average Compensation Actually Paid Amount $ 744,527 639,455
Adjustment to Non-PEO NEO Compensation Footnote To determine the amounts in column (b) in the PvP table, the following amounts were deducted from and added to
(as applicable) our Non-CEO NEO’s average total compensation as reported in the Summary Compensation Table (SCT), in
accordance with Item 402(v) of Regulation S-K.
Year
SCT Total
Reported for
Non-CEO NEOs
($)
SCT Reported
Equity Value for
Non-CEO NEOs
($)
Equity
Award Value
Adjustments for
Non-CEO NEOs (1)
($)
Compensation
Actually Paid for
Non-CEO NEOs
($)
2024
$2,166,012
($1,558,904)
$137,419
$744,527
2023
$1,029,502
($390,047)
$0
$639,455
__________________
(1)Represents the year-over-year change in the fair value of our Non-CEO NEO’s equity awards to as summarized below:
Year
Year End Fair
Value
Outstanding
and Unvested
Equity Awards
Granted this
Year ($)
Year over Year
Change in
Value of
Outstanding
and Unvested
Equity Awards
Granted in
Prior Years ($)
Fair Value as
of the Vesting
Date of Equity
Awards
Granted in the
Year ($)
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested
this Year ($)
Fair Value at
the end of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions
this Year ($)
Value of
Dividends or
other earnings
Paid on Equity
Awards not
reflected in
Fair Value or
Total Comp.
($)
Total Equity
Award
Adjustments
($)
2024
$210,719
($10,245)
$0
($29,914)
($33,141)
$0
$137,419
2023
$0
$0
$0
$0
$0
$0
$0
__________________
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes,
reflecting updated economic assumptions as of the valuation dates and adjustments to the expected term for options significantly
in-the-money or out-of-the-money. For additional information on the valuation assumption refer to “Note 12 – Share-Based
Compensation” to our audited consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended
September 27, 2024.
 
Compensation Actually Paid vs. Total Shareholder Return The following charts describe the relationship of Compensation Actually Paid to the performance measures listed in
the PVP table above.
Compensation Actually Paid (CAP) vs. Vestis TSR vs. Peer Group TSR
CAP vs. TSR Chart.jpg
 
Compensation Actually Paid vs. Net Income Compensation Actually Paid (CAP) vs. Net Income (in Thousands)
CAP vs. Net Income Chart.jpg
 
Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid (CAP) vs. Adjusted EBITDA (in Thousands)
CAP vs. Adj. EBITDA Chart.jpg
 
Total Shareholder Return Vs Peer Group The following charts describe the relationship of Compensation Actually Paid to the performance measures listed in
the PVP table above.
Compensation Actually Paid (CAP) vs. Vestis TSR vs. Peer Group TSR
CAP vs. TSR Chart.jpg
 
Tabular List, Table The following financial performance measures (listed alphabetically) are used to link NEO Compensation Actually
Paid to company performance during the most recently completed fiscal year.
Performance Measures
Adjusted EBITDA
Organic Revenue Sales Growth
Adjusted Free Cash Flow
Relative TSR
 
Total Shareholder Return Amount $ 79.50 0
Peer Group Total Shareholder Return Amount 161.63 0
Net Income (Loss) $ 238,100,000 $ 293,700,000
Company Selected Measure Amount 352,900,000 404,000,000
PEO Name Ms. Scott  
Additional 402(v) Disclosure Net Income (Loss) reflected represents GAAP Net Income (Loss) as reported in our Annual Report on Form 10-K within Results of Operations for
the applicable fiscal year.
 
Measure:: 1    
Pay vs Performance Disclosure    
Name Adjusted EBITDA  
Non-GAAP Measure Description Adjusted EBITDA is the company-selected performance measure per the requirements of Item 402(v) of Regulation S-K. Adjusted EBITDA
represents reported EBITDA for the applicable fiscal year adjusted by adding selected expenses that the company believes do not reflect normal
operating conditions and subtracting certain selected income items that do not reflect normal operating conditions. All adjustments are subject to the
Compensation Committee’s approval and/or determination that certain items do not reflect normal operating conditions. Reconciliation of Adjusted
EBITDA to measures calculated in accordance with GAAP is provided in Appendix A.
 
Measure:: 2    
Pay vs Performance Disclosure    
Name Organic Revenue Sales Growth  
Measure:: 3    
Pay vs Performance Disclosure    
Name Adjusted Free Cash Flow  
Measure:: 4    
Pay vs Performance Disclosure    
Name Relative TSR  
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ (9,493,722) $ (1,750,072)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 7,187,667 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 7,832,897 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (311,054) 0
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (70,221) 0
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (263,955) 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (1,558,904) (390,047)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 137,419 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 210,719 0
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (10,245) 0
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (29,914) 0
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (33,141) 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ 0 $ 0