| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AVD | Common Stock | Other | $0 | +1.79K | +5.18% | $0.00 | 36.3K | Mar 9, 2021 | Direct | F1, F2 |
| transaction | AVD | Common Stock | Tax liability | -$38.1K | -1.83K | -5.05% | $20.78 | 34.4K | Mar 9, 2021 | Direct | F3 |
| Id | Content |
|---|---|
| F1 | These constitute the number of shares in excess of the target amount (originally 2,607) of performance-based restricted stock that was awarded on March 9, 2018, vested over the three-year period commencing on that date and related to performance period from January 1, 2018 through December 31, 2020. Under the terms of that certain Performance-Based Restricted Stock Award Units Agreement dated as of March 9, 2018, the target amount was subject to adjustment weighted as follows: i) fifty-percent based upon the company's earnings before income tax performance, ii) thirty-percent based upon the company's net sales performance, in both cases as compared to median performance of an industry comparator group during the performance period, and iii) twenty-percent based upon total shareholder return (split evenly between the Russell 2000 and an industry comparator group). |
| F2 | (Continued from footnote 1) Specifically, the EBIT and net sales performance were both at 200% of the comparator median (yielding two times the target), while TSR performance was below that of the comparator indexes. All told, 168% of the targeted award vested. Complete financial information from comparator companies required for making these calculations was not publicly available until late May 2021. |
| F3 | These shares were forfeited at the election of reporting person to cover payroll taxes arising from the vesting of additional performance-based shares as per note 1 above. |