Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FTSI | Class A Common Stock | Options Exercise | $0 | +1.59K | +332.22% | $0.00 | 2.07K | Oct 7, 2021 | Direct | F1 |
transaction | FTSI | Class A Common Stock | Tax liability | -$9.63K | -380 | -18.39% | $25.33 | 1.69K | Oct 7, 2021 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FTSI | Performance Stock Units | Award | $0 | +6.35K | $0.00 | 6.35K | Oct 7, 2021 | Class A Common Stock | 6.35K | Direct | F1 | ||
transaction | FTSI | Performance Stock Units | Options Exercise | $0 | -1.59K | -25% | $0.00 | 4.76K | Oct 7, 2021 | Class A Common Stock | 1.59K | Direct | F1, F2 | |
transaction | FTSI | Restricted Stock Units | Award | $0 | +3.74K | $0.00 | 3.74K | Oct 7, 2021 | Class A Common Stock | 3.74K | Direct | F3 |
Id | Content |
---|---|
F1 | Performance stock units convert into Class A Common Stock on a one-for-one basis. The performance stock units vest in 25% and 75%, respectively, based on either (i) the achievement of a volume-weighted average price per share of the Company's Class A Common Stock over 90 consecutive trading days or (ii) the occurrence of a Change in Control (as defined in the 2020 Equity and Incentive Compensation Plan), in each case, implying an aggregate equity market capitalization for the Company as set forth in the performance stock unit agreement. If the performance metric is not met by the seventh anniversary of the date of grant, the performance stock units will be forfeited. |
F2 | The first performance threshold was determined to have been achieved and 25% of the performance stock units vested and were converted into Cass A Common Stock on October 7, 2021. |
F3 | Each Restricted Stock Unit converts into Class A Common Stock on a one-for-one basis. On October 7, 2021, the reporting person was granted restricted stock units which will fully vest on the first anniversary of the date of grant. |