Richard W. Smirl - May 3, 2022 Form 4 Insider Report for VIRTUS INVESTMENT PARTNERS, INC. (VRTS)

Signature
/s/ Ronnie D. Kryjak, Attorney-in-Fact
Stock symbol
VRTS
Transactions as of
May 3, 2022
Transactions value $
-$50,142
Form type
4
Date filed
5/5/2022, 04:44 PM
Previous filing
Apr 18, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTS Common Stock Tax liability -$50.1K -282 -6.74% $177.81 3.9K May 3, 2022 Direct F1
transaction VRTS Common Stock Award $0 +2.81K +71.73% $0.00 6.73K May 3, 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 restricted stock units ("RSUs") previously reported, and settled with shares by the Reporting Person.
F2 These shares comprise a grant of RSUs awarded pursuant to the Reporting Person's offer letter. RSUs are scheduled to vest ratably over a three-year period, with one-third of the grant vesting on each of the first three anniversaries of the grant date. RSUs will be settled for shares of common stock on a one-for-one basis upon vesting.
F3 This number includes (i) 85.733 shares acquired in connection with the Issuer's Employee Stock Purchase Plan, (ii) 764 RSUs that are scheduled to vest on March 15, 2023, (iii) 1545 RSUs that are scheduled to vest on May 3, 2023, (iv) 764 RSUs that are scheduled to vest on March 15, 2024, (v) 1545 RSUs that are scheduled to vest on May 3, 2024, (vi) 764 RSUs that are scheduled to vest on March 15, 2025 and (vii) 937 RSUs that are scheduled to vest on May 3, 2025.