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

Role
Interim Chief Executive Office
Signature
/s/ Constantine Xykis
Stock symbol
PSIX
Transactions as of
Jul 15, 2022
Transactions value $
$0
Form type
4
Date filed
7/18/2022, 04:44 PM
Previous filing
Mar 25, 2022
Next filing
May 4, 2023

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 +20K +78.92% $0.00 45.3K Jul 15, 2022 Common Stock 20K $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