Wendy J. Hills - 15 Mar 2022 Form 4 Insider Report for VIRTUS INVESTMENT PARTNERS, INC. (VRTS)

Signature
/s/ Ronnie D. Kryjak, Attorney-in-Fact
Issuer symbol
VRTS
Transactions as of
15 Mar 2022
Net transactions value
-$29,021
Form type
4
Filing time
17 Mar 2022, 17:05:58 UTC
Previous filing
15 Mar 2022
Next filing
19 Sep 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTS Common Stock Tax liability $29,021 -133 -2.6% $218.20 5,079 15 Mar 2022 Direct F1
transaction VRTS Common Stock Award $0 +1,032 +20% $0.000000 6,111 15 Mar 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs previously reported, and settled with shares by the reporting person.
F2 These shares comprise an award of restricted stock units ("RSUs") granted to the reporting person pursuant to the Company's 2022 Long Term Incentive Plan. Subject to acceleration in certain circumstances, the RSUs are scheduled to vest ratably over the next three years and will be settled for shares of common stock on a one-for-one basis upon vesting.
F3 This number includes (i) 2,521 RSUs that are scheduled to vest on September 16, 2022, (ii) 884 RSUs that are scheduled to vest on March 13, 2023, (iii) 631 RSUs that are scheduled to vest on March 15, 2023, (iv) 631 RSUs that are scheduled to vest on March 15, 2024 and (v) 344 RSUs that are scheduled to vest on March 15, 2025.