Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LYLT | Common Stock | Award | +20.6K | +227.4% | 29.6K | Feb 15, 2022 | Direct | F1 | ||
transaction | LYLT | Common Stock | Award | +11.1K | +37.4% | 40.7K | Feb 15, 2022 | Direct | F2 | ||
transaction | LYLT | Common Stock | Tax liability | -$14.9K | -603 | -1.48% | $24.68* | 40.1K | Feb 16, 2022 | Direct | F3, F4 |
Id | Content |
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F1 | The new grant is for 20,577 shares of common stock represented by time-based restricted stock units. The time restrictions may lapse on 6,790 units on each of 2/15/23 and 2/15/24 and on 6,997 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 11,080 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) 4,317 unrestricted shares; (b) 4,129 unvested units from an award of 6,162 time-based restricted stock units granted 12/7/21; (c) the new grant for 20,577 time-based restricted stock units; and (d) the new grant for 11,080 performance-based restricted stock units. |