Constantine Xykis - 15 Jul 2022 Form 4 Insider Report for POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)

Role
Interim Chief Executive Office
Signature
/s/ Constantine Xykis
Issuer symbol
PSIX
Transactions as of
15 Jul 2022
Net transactions value
$0
Form type
4
Filing time
18 Jul 2022, 16:44:12 UTC
Previous filing
25 Mar 2022
Next filing
04 May 2023
SEC
View on sec.gov

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 PSIX Stock Appreciation Rights Award $0 +20,000 +79% $0.000000 45,342 15 Jul 2022 Common Stock 20,000 $2.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer granted the stock appreciation rights (the "SAR") on July 15, 2022, pursuant to a Stock Appreciation Rights Agreement dated July 15, 2022 (the "Stock Agreement"), under the Issuer's 2012 Incentive Compensation Plan, as amended and restated (the "Stock Plan").
F2 The SAR vests and becomes exercisable on July 15, 2023 (the "Vesting Date") provided if following the Transaction Date, the Issuer terminates Reporting Person's employment without Cause (as defined under the Stock Plan) on or prior to the Vesting Date, the SAR shall immediately vest in full and be exercisable in accordance with the Stock Plan and the Stock Agreement.

Remarks:

Interim Chief Executive Office