Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BFI | Common Stock | Options Exercise | +4.38K | +8.52% | 55.7K | Apr 29, 2023 | Direct | F1, F2 | ||
transaction | BFI | Common Stock | Tax liability | -$1.55K | -1.55K | -2.78% | $1.00 | 54.2K | Apr 29, 2023 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BFI | Restricted Stock Units | Options Exercise | $0 | -4.38K | -20% | $0.00 | 17.5K | Apr 29, 2023 | Common Stock | 4.38K | Direct | F1, F2 |
Id | Content |
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F1 | The shares are part of a grant of 35,000 restricted stock units made on August 20, 2021 under the issuer's 2020 Omnibus Equity Incentive Plan, which shall vest and be settled in shares of common stock in four annual installments of 8,750 restricted stock units each, beginning April 29, 2022, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination events. On March 21, 2023, the Compensation Committee of the Board of Directors of the issuer approved of the vesting of 4,375 of the restricted stock units in the second installment effective April 29, 2023, based on the extent of achievement of the Reporting Person's key performance criteria. The remainder of the second installment was forfeited effective April 29, 2023. |
F2 | Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock. |
F3 | Shares disposed of represent shares withheld by the issuer to pay taxes due upon vesting of restricted stock units. |