John R. Tracy - Oct 1, 2024 Form 4 Insider Report for QUANTUM CORP /DE/ (QMCO)

Role
Director
Signature
/s/ Tara La Bree, Attorney-In-Fact for John R. Tracy
Stock symbol
QMCO
Transactions as of
Oct 1, 2024
Transactions value $
$0
Form type
4
Date filed
10/21/2024, 05:16 PM
Previous filing
Jul 8, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QMCO Common Stock Award $0 +12K $0.00 12K Oct 1, 2024 Direct F1
* 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. The RSUs vest in full on the earlier of October 1, 2025 or the date of the Company's next annual stockholder meeting, subject to continued service on the Company's Board of Directors. Delayed filing arose from an error related to effecting the reverse stock split within QMCOs stock plan administration platform and the resulting delay of the distribution of the equity award agreement to reporting person. Reporting person has elected to continue to use the grant date for the reported transaction date notwithstanding the delayed distribution of the equity award agreement.