Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GVP | Common Stock | Tax liability | -$1.5K | -325 | -0.78% | $4.60 | 41.1K | Jun 30, 2024 | Direct | F1 |
transaction | GVP | Common Stock | Options Exercise | +1.25K | +3.04% | 42.4K | Jun 30, 2024 | Direct | F2, F3 | ||
transaction | GVP | Common Stock | Tax liability | -$1.68K | -366 | -0.86% | $4.60 | 42K | Jun 30, 2024 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GVP | Performance Rights | Options Exercise | -1.25K | -6.49% | 18K | Jun 30, 2024 | Common Stock | 1.25K | Direct | F2, F3 |
Id | Content |
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F1 | Shares withheld by the Issuer for payment of applicable taxes owed due to the vesting of 1,110 restricted share units pursuant to one restricted share unit agreement between the Reporting Person and the Issuer. |
F2 | Each performance right (PR) is a contingent right to receive one share of Issuer Common Stock. PRs vest upon satisfaction of a Service Condition (SC) and a Stock Price Performance Condition (SPPC). The SC is satisfied for sixteen dates (3/31/2022, 6/30/2022, 9/30/2022, 12/31/2022, 3/31/2023, 6/30/2023, 9/30/2023, 12/31/2023, 3/31/2024, 6/30/2024, 9/30/2024, 12/31/2024, 3/31/2025, 6/30/2025, 9/30/2025, and 12/31/2025) if the Issuer has continuously employed the reporting person through that SC date, and 1,250 PRs then will be eligible to vest if the SPPC also has been met. The SPPC requires the Volume Weighted Average Price of the Issuer's Common Stock as quoted on NASDAQ to be at least $1.94 measured over a 20 consecutive trading day period. Once the SPPC is met, PRs that remain unvested shall vest upon satisfaction of each future SC. |
F3 | On June 14, 2022, the Compensation Committee of the Board of Directors of the Issuer certified that the SPPC applicable to these PRs had been satisfied. Accordingly, on June 30, 2024, the SC was satisfied with respect to June 30, 2024, resulting in the vesting of 1,250 PRs and the issuance of 1,250 shares of Common Stock, of which 366 shares of Common Stock were withheld by the Issuer for payment of applicable taxes owed due to the vesting of the 1,250 PRs as provided by a restricted share unit agreement between the Reporting Person and the Issuer. |