Beau Warren - Dec 1, 2021 Form 3 Insider Report for Weber Inc. (WEBR)

Role
President, Weber Americas
Signature
/s/ Erik Chalut as Attorney-in-Fact for Beau Warren
Stock symbol
WEBR
Transactions as of
Dec 1, 2021
Transactions value $
$0
Form type
3
Date filed
12/10/2021, 05:41 PM
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WEBR Class A Common Stock 230K Dec 1, 2021 Direct F1, F2

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
holding WEBR Stock Option Dec 1, 2021 Class A Common Stock 54.4K $6.82 Direct F3
holding WEBR LLC Units of Weber HoldCo LLC Dec 1, 2021 Class A Common Stock 40.3K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the following: (i) 21,636 restricted stock units ("RSUs"), which will vest in equal annual installments over three years, with the first installment vesting on October 14, 2022, subject to continued employment through the applicable vesting date, unless the reporting person leaves employment due to death, disability or certain events specified in their employment agreement; (ii) 29,440 vested RSUs that were issued in replacement for long-term incentive awards held by the reporting person under the historical Amended and Restated Weber-Stephen Products LLC Management Incentive Compensation Plan prior to the Issuer's initial public offering, which were earned and vested on October 1, 2021 and which are subject to deferred settlement after vesting;
F2 (cont'd from fn 1) (iii) 73,049 unvested RSUs that were issued in replacement for long-term incentive awards held by the reporting person under the historical Amended and Restated, Weber-Stephen Products LLC Management Incentive Compensation Plan prior to the Issuer's initial public offering, 42,112 of which will vest on October 1, 2022 and 30,937 of which will vest on October 1, 2023, respectively, and all of which are subject to deferred settlement after vesting; (iv) 35 unvested RSUs for the issuer's Class A common stock which vest on August 9, 2022; and (v) 105,634 RSUs, which will vest in equal annual installments over two years, with the first installment vesting on November 19, 2022 and the second installment vesting on November 19, 2023, subject to continued employment through the applicable vesting date, unless the reporting person leaves employment due to death, disability or certain events specified in their employment agreement.
F3 The stock options will vest and become exercisable in equal annual installments over three years, with the first installment vesting and becoming exercisable on October 14, 2022, subject to continued employment through the applicable vesting date, unless the reporting person leaves employment due to death, disability or certain events specified in their employment agreement.
F4 Reflects shares of Class B Common Stock of the issuer (the "Class B Common Stock") and common units of Weber HoldCo LLC (the "LLC Units") held by the reporting person. The reporting person may require Weber HoldCo LLC to redeem the LLC Units for newly issued shares of the issuer's Class A common stock on a one-for-one basis (at which time, a corresponding number of shares of Class B Common Stock will also be cancelled on a one-for-one basis) or, at the issuer's election, an equivalent cash payment. The LLC Units do not expire.

Remarks:

Exhibit 24 - Power of Attorney