Blair F. Cameron - 15 Feb 2022 Form 4 Insider Report for Loyalty Ventures Inc.

Signature
Cynthia L. Hageman, Attorney in Fact
Issuer symbol
N/A
Transactions as of
15 Feb 2022
Net transactions value
-$49,607
Form type
4
Filing time
17 Feb 2022, 15:18:21 UTC
Previous filing
07 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYLT Common Stock Award +24,007 +116% 44,626 15 Feb 2022 Direct F1
transaction LYLT Common Stock Award +12,927 +29% 57,553 15 Feb 2022 Direct F2
transaction LYLT Common Stock Tax liability $49,607 -2,010 -3.5% $24.68* 55,543 16 Feb 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The new grant is for 24,007 shares of common stock represented by time-based restricted stock units. The time restrictions may lapse on 7,922 units on each of 2/15/23 and 2/15/24 and on 8,163 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 12,927 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) 2495 unrestricted shares; (b) 7,612 unvested units from an award of 7,612 time-based restricted stock units granted 12/7/21; (c) 8,502 unvested time-based restricted stock units from an award of 12,688 time-based restricted stock units granted 12/7/21; (d) the new grant for 24,007 time-based restricted stock units; and (e) the new grant for 12,927 performance-based restricted stock units.