Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LYLT | Common Stock | Award | +16.6K | +71.9% | 39.6K | Feb 15, 2022 | Direct | F1 | ||
transaction | LYLT | Common Stock | Award | +8.93K | +22.52% | 48.6K | Feb 15, 2022 | Direct | F2 | ||
transaction | LYLT | Common Stock | Tax liability | -$19.2K | -776 | -1.6% | $24.68* | 47.8K | Feb 16, 2022 | Direct | F3, F4 |
Id | Content |
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F1 | The new grant is for 16,576 shares of common stock represented by time-based restricted stock units. The time restrictions may lapse on 5,470 units on 2/15/23, on 5,470 units on 2/15/24 and on 5,636 units on 2/15/25 subject to continued employment by the Reporting Person with the Issuer on the vesting date. |
F2 | The new grant is for 8,926 shares of common stock represented by performance-based restricted stock units, which may be adjusted up or down from 0% to 150% at the time the performance restriction lapses, contingent on meeting a predetermined 2022 consolidated adjusted EBITDA performance measure. Further time restrictions may lapse with respect to 33% of such shares on each of 2/15/23 and 2/15/24 and with respect to 34% of such shares on 2/15/25 subject to continued employment by the Reporting Person with the Issuer on the vesting date. |
F3 | Shares withheld by the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units. |
F4 | The total number of securities beneficially owned includes: (a) 11,151 unrestricted shares; (b) 5,256 unvested units from an award of 5,256 time-based restricted stock units granted 12/7/21; (c) 5,871 unvested time-based restricted stock units from an award of 8,761 time-based restricted stock units granted 12/7/21; (d) the new grant for 16,576 time-based restricted stock units; and (e) the new grant for 8,926 performance-based restricted stock units. |