Stephen J. Negrotti - Jul 27, 2021 Form 4 Insider Report for Stonemor Inc. (STON)

Role
Director
Signature
/s/ Lauren N. Kurtz, Attorney-in-Fact
Stock symbol
STON
Transactions as of
Jul 27, 2021
Transactions value $
$5,000
Form type
4
Date filed
7/28/2021, 10:41 AM
Next filing
Nov 5, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STON Restricted Phantom Common Stock Award $5K +1.87K +4.77% $2.68 41K Jul 27, 2021 Common Stock 1.87K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of restricted phantom common stock is the economic equivalent of one share of common stock. Restricted phantom common stock becomes payable, in cash or shares of common stock, at the election of the issuer, upon the separation of the reporting person from service as a director or upon the occurrence of certain other events specified in Section 409A of the Internal Revenue Code of 1986, as amended.
F2 The reporting person received these shares of restricted phantom common stock pursuant to the StoneMor Amended and Restated 2019 Long-Term Incentive Plan (as amended from time to time, the "Plan") in lieu of payment to the reporting person of $5,000 which represents a portion of the reporting person's annual director's retainer fee.
F3 Reflects the closing price of the issuer's common stock as reported by the New York Stock Exchange on the trading day immediately preceding the date on which the shares of restricted phantom common stock were credited.
F4 Represents shares of restricted phantom common stock allocated to the reporting person's deferred compensation account under the Plan.

Remarks:

The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.