Barry M. Mandinach - 15 Mar 2023 Form 4 Insider Report for VIRTUS INVESTMENT PARTNERS, INC. (VRTS)

Role
EVP, Head of Distribution
Signature
/s/ Ronnie D. Kryjak, Attorney-in-Fact
Issuer symbol
VRTS
Transactions as of
15 Mar 2023
Net transactions value
-$65,524
Form type
4
Filing time
17 Mar 2023, 16:34:11 UTC
Previous filing
15 Mar 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTS Common Stock Award $0 +1,755 +9.7% $0.000000 19,785 15 Mar 2023 Direct F1
transaction VRTS Common Stock Tax liability $65,524 -383 -1.9% $171.08 19,402 15 Mar 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares comprise an award of restricted stock units ("RSUs") granted to the reporting person pursuant to the Company's 2023 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.
F2 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.
F3 This number includes (i) 1,410 RSUs that are scheduled to vest on March 15, 2024, (ii) 1,044 RSUs that are scheduled to vest on March 14, 2025 and (iii) 585 RSUs that are scheduled to vest on March 13, 2026.