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 | +85K | +133.85% | $0.00 | 149K | Apr 25, 2023 | Common Stock | 85K | $2.99 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | The Issuer granted the stock appreciation rights (the "SARs") on April 25, 2023, pursuant to a Stock Appreciation Rights Agreement dated April 25, 2023, under the Issuer's 2012 Incentive Compensation Plan, as amended and restated. |
F2 | The SARs vest and become exercisable in three equal installments on each of April 25, 2024, April 25, 2025, and April 25, 2026. |
F3 | This Form 4 is being amended to correct the total number of SARs owned by the Reporting Person, which was misreported as 147,005 total SARs and should have been reported as 148,505 total SARs. The total number of SARs owned by the Reporting Person has been inadvertently misreported by 1,500 since the Form 4 filed on March 25, 2021. |
Chief Executive Officer and Chief Technical Officer