| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMHI | Common Stock | Gift | $0 | +4.55K | $0.00 | 4.55K | Feb 29, 2024 | MCG Assets, LLC | F1, F2 | |
| transaction | SMHI | Common Stock | Gift | $0 | +4.58K | +0.6% | $0.00 | 764K | Feb 29, 2024 | Direct | F3 |
| transaction | SMHI | Common Stock | Award | $0 | +159K | +20.86% | $0.00 | 923K | Mar 4, 2024 | Direct | F4 |
| transaction | SMHI | Common Stock | Tax liability | -$946K | -77.1K | -8.35% | $12.28 | 846K | Mar 4, 2024 | Direct | |
| holding | SMHI | Common Stock | 109K | Feb 29, 2024 | JMG Assets, LLC | F5 | |||||
| holding | SMHI | Common Stock | 95.2K | Feb 29, 2024 | JMG GST LLC | F6 | |||||
| holding | SMHI | Common Stock | 26.6K | Feb 29, 2024 | Michael E. Gellert 2011 Family Trust | F7 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMHI | Performance Restricted Stock Units | Award | $0 | +62.7K | $0.00 | 62.7K | Mar 4, 2024 | Common Stock | 62.7K | Direct | F8, F9 |
| Id | Content |
|---|---|
| F1 | On 2/29/24, MCG Assets, LLC received an annual annuity payment of 4,546 shares upon the expiration of a grantor retained annuity trust ("2022 GRAT"). The 2022 GRAT has an independent trustee and the Reporting Person has no investment control thereof. Accordingly, shares owned by the 2022 GRAT are not reported by the Reporting Person. |
| F2 | The Reporting Person serves as a manager of MCG Assets, LLC and, as such, has the power to direct the voting and disposition of the reported securities. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest in the securities. |
| F3 | On 2/29/24, the Reporting Person received a distribution of 4,578 shares upon the expiration of the 2022 GRAT of which the Reporting Person is a co-beneficiary. |
| F4 | The restricted stock award reported on this Form 4 will lapse in three equal annual installments beginning on March 4, 2025 and ending on March 4, 2027. |
| F5 | The shares reported here are indirectly owned by the Reporting Person through JMG Assets, LLC. The Reporting Person is the Manager of JMG Assets, LLC. |
| F6 | The shares reported here are indirectly owned by the Reporting Person through JMG GST LLC. The Reporting Person is the Manager of JMG GST LLC. |
| F7 | The Reporting Person disclaims ownership except to the extent of his pecuniary interest. |
| F8 | Each Performance Restricted Stock Unit (each, a "PRSU") represents a contingent right to receive, at vesting, one share of Common Stock subject to the achievement of certain performance goals and service-based vesting requirements. |
| F9 | These PRSUs consist of five equal tranches, each of which will be earned if and when the closing price of one share of Common Stock equals or exceeds the specified stock price performance goal for such tranche for 60 consecutive trading days during the three year performance period beginning on the grant date, provided that any earned PRSUs will not be settled until the third anniversary of the grant date, subject to satisfaction of the service-based vesting requirements set forth in the award agreement. The specified stock price performance goals for each tranche are $13.29, $15.13, $17.08, $19.02 and $20.86, respectively. |