Jacob Maas - Nov 5, 2024 Form 4 Insider Report for Graham Holdings Co (GHC)

Signature
Nicole M. Maddrey for Jacob M. Maas
Stock symbol
GHC
Transactions as of
Nov 5, 2024
Transactions value $
$0
Form type
4
Date filed
11/8/2024, 04:17 PM
Previous filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GHC Class B Common Stock Award $0 +1K +28.15% $0.00 4.55K Nov 5, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 19, 2022, the reporting person received a restricted stock unit award (Award) with price-based vesting conditions. The terms of the Award provide that 1,000 shares vest if the issuer's Class B Common Stock's closing price meets or exceeds $700 for 90 consecutive calendar days on or before December 31, 2027, with an additional 1,000 shares vesting following each additional incremental increase of $100 in the closing price of the issuer's Class B Common Stock maintained for 90 consecutive days on or before December 31, 2027. On November 5, 2024, the first 1,000 shares vested following achievement of the first stock price goal.
F2 Represents the second tranche of the Award, which will vest if the closing price of the issuer's Class B Common Stock exceeds $800 for 90 consecutive calendar days on or before December 31, 2027. As noted above, if such price-based vesting condition is satisfied, the reporting person is eligible for vesting of additional 1,000 share increments of Class B Common Stock for each additional $100 increase in the closing price of the issuer's Class B Common Stock maintained for 90 consecutive days on or before December 31, 2027 (e.g., if the closing price of the issuer's Class B Common Stock exceeds $900 for 90 consecutive calendar days, then 1,000 additional shares of Class B Common stock will vest).
F3 N/A