Kenneth P. Gianella - Sep 1, 2023 Form 4 Insider Report for QUANTUM CORP /DE/ (QMCO)

Signature
/s/ Josie Buensuceso, attorney-in-fact for Kenneth P. Gianella
Stock symbol
QMCO
Transactions as of
Sep 1, 2023
Transactions value $
$0
Form type
4
Date filed
9/5/2023, 04:03 PM
Previous filing
Feb 3, 2023
Next filing
Apr 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QMCO Common Stock Award $0 +50K +28.57% $0.00 225K Sep 1, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QMCO Performance-Based Restricted Stock Units Award $0 +25K $0.00* 0 Sep 1, 2023 Common Stock 25K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. Vesting is subject to continued employment with QMCO through the service vesting date, which occurs in three equal annual installments on September 1, 2024, September 1, 2025 and September 1, 2026.
F2 Grant of Performance-Based Restricted Stock Units ("PSUs"), each of which represents a contingent right to receive one share of common stock of QMCO, with vesting subject to the achievement of specified level of the average closing price of a share of QMCO common stock during any one hundred (100) calendar day period occurring between September 1, 2023 and September 1, 2028. Vesting is subject to continued employment with QMCO through the later of the achievement date or service vesting date, which will occur 36 months from the grant date on September 1, 2026.