Matthew A. Doheny - 15 Jan 2022 Form 4 Insider Report for Yellow Corp (YELLQ)

Role
Director
Signature
/s/ Purvi Shah, Attorney-in-Fact for Matthew A. Doheny
Issuer symbol
YELLQ
Transactions as of
15 Jan 2022
Net transactions value
$0
Form type
4
Filing time
19 Jan 2022, 16:30:44 UTC
Previous filing
15 Nov 2021
Next filing
21 Jan 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YELL Common Stock Award $0 +200,000 +101% $0.000000 398,819 15 Jan 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 15, 2022, the Board granted Matthew Doheny, the Company's Chairman of the Board, a one-time retention award of 200,000 restricted stock units ("RSUs"). The Chairman has provided extraordinary services over the years, including through his significant role in helping the Company develop and execute its financial turnaround strategy. As such, the Board wants to ensure Mr. Doheny continues on the Board to oversee the Company's completion of the financial turnaround and many key future Company events. The RSUs vest in full on January 1, 2025 and are subject to certain vesting acceleration provisions as set forth in his award agreement.