Joseph C. Losak II - Mar 17, 2023 Form 4 Insider Report for CIRCOR INTERNATIONAL INC (CIR)

Role
VP Finance, Controller, PAO
Signature
/s/Paul Caron, Attorney-in-Fact for Joseph C. Losak, II
Stock symbol
CIR
Transactions as of
Mar 17, 2023
Transactions value $
$0
Form type
4
Date filed
3/21/2023, 05:38 PM
Previous filing
Jan 27, 2023
Next filing
Oct 18, 2023

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
transaction CIR Restricted Stock Unit Award $0 +2.16K $0.00 2.16K Mar 17, 2023 Common Stock 2.16K $0.00 Direct F1
transaction CIR Restricted Stock Unit (MSP) Award $0 +266 $0.00 266 Mar 17, 2023 Common Stock 266 $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock in equal installments of one-third of the original RSU grant on each of the first three anniversaries of the grant date. The RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.
F2 This Restricted Stock Units (RSUs) grant is issued pursuant to a provision of the issuers Management Stock Purchase Plan (MSPP) whereby, pursuant to an advanced election by the executive, he or she receives RSUs in lieu of a specified percentage or dollar amount of his or her annual incentive cash bonus. The RSUs are issued in whole units at a 33 percent discount from fair market value of the issuers common stock on the award date and generally vest 3 years from the date of the grant, at which time the RSUs convert into shares of common stock on a one-for-one basis unless the executive previously elected a longer deferral period.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney