Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SMHI | Common Stock | Options Exercise | +34.2K | +7.99% | 462K | Mar 12, 2024 | Direct | F1 | ||
transaction | SMHI | Common Stock | Tax liability | -$219K | -17.5K | -3.78% | $12.54 | 445K | Mar 12, 2024 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SMHI | Performance Restricted Stock Units | Options Exercise | $0 | -34.2K | -100% | $0.00* | 0 | Mar 12, 2024 | Common Stock | 34.2K | Direct | F1, F2 |
Id | Content |
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F1 | Performance restricted stock units ("PRSUs") convert into shares of Common Stock on a one-for-one basis. See note 2 below for further detail. |
F2 | On 3/12/21, the Reporting Person was granted 34,210 PRSUs consisting of five equal tranches, each of which would 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 would 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 were $3.98, $4.53, $5.11, $5.69 and $6.24, respectively. The service-based vesting requirements and each of the specified stock price performance goals were satisfied during the performance period ending 3/12/24 and the shares of Common Stock were issued at such date. |