Richard J. Rothberg - 15 Mar 2022 Form 4 Insider Report for Dell Technologies Inc. (DELL)

Role
General Counsel & Secretary
Signature
/s/ James Williamson, Attorney-in-Fact
Issuer symbol
DELL
Transactions as of
15 Mar 2022
Net transactions value
-$962,487
Form type
4
Filing time
17 Mar 2022, 19:00:07 UTC
Previous filing
07 Sep 2021
Next filing
25 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DELL Class C Common Stock Award $0 +23,762 +13% $0.000000 208,411 15 Mar 2022 Direct F1, F2
transaction DELL Class C Common Stock Tax liability $962,487 -18,969 -9.1% $50.74 189,442 15 Mar 2022 Direct F3
transaction DELL Class C Common Stock Award $0 +100,557 +53% $0.000000 289,999 15 Mar 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of 23,762 restricted stock units ("RSUs"). The RSUs vest in three equal annual installments on the first, second and third anniversaries of the grant date contingent on the reporting person's continued service on each applicable vesting date.
F2 On November 1, 2021, the Issuer completed a special distribution of all of the shares of common stock of its former subsidiary, VMware, Inc., that it beneficially owned to its stockholders on a pro rata basis (the "Transaction"). In connection with the Transaction, the Issuer implemented an equitable adjustment to outstanding equity awards held by participants in the Issuer's 2013 Stock Incentive Plan in accordance with the terms of the plan. As a result, the 87,475 RSUs previously reported as beneficially owned by the reporting person were adjusted and the reporting person now beneficially owns 195,919 RSUs following the grant referred to in footnote 1.
F3 Represents shares withheld by the Issuer for payment of the tax liability incurred upon the partial vesting of RSUs granted on March 15, 2019, March 15, 2020 and March 15, 2021.
F4 Represents 160,936 shares certified as earned with respect to an award of performance-based RSUs granted on March 15, 2019, net of 60,379 shares withheld by the Issuer for payment of the tax liability incurred on vesting of such shares. Vesting of the performance-based RSUs occurred simultaneously with their certification.