Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | L | Common Stock | Options Exercise | $0 | +7.57K | +17.63% | $0.00 | 50.5K | Feb 8, 2023 | Direct | F1 |
transaction | L | Common Stock | Tax liability | -$221K | -3.52K | -6.97% | $62.75 | 47K | Feb 8, 2023 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | L | Restricted Stock Units | Options Exercise | $0 | -7.57K | -50% | $0.00 | 7.57K | Feb 8, 2023 | Common Stock | 7.57K | Direct | F1, F3 |
Id | Content |
---|---|
F1 | Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 8, 2021, the Reporting Person was awarded 15,134 RSUs, subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2021. The Issuer's Compensation Committee determined that the Issuer achieved the PBI Metric on February 7, 2022 and the 2021 RSUs were then reported on a Form 4 filed with the Securities and Exchange Commission. 50% of these RSUs vested on February 8, 2023. The remaining 2021 RSUs will vest on February 8, 2024. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person. |
F2 | The Reporting Person is reporting the withholding, by the Issuer, of 3,517 shares of common stock that vested in respect of the 2021 RSUs on February 8, 2023 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith. |
F3 | Each RSU represents a contingent right to receive one share of the Issuer's common stock. |