Thomas W. Sweet - Mar 15, 2022 Form 4 Insider Report for Dell Technologies Inc. (DELL)

Role
Chief Financial Officer
Signature
/s/ James Williamson, Attorney-in-Fact
Stock symbol
DELL
Transactions as of
Mar 15, 2022
Transactions value $
-$1,298,386
Form type
4
Date filed
3/17/2022, 07:01 PM
Previous filing
Jan 18, 2022
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DELL Class C Common Stock Award $0 +28.8K +19.71% $0.00 175K Mar 15, 2022 Direct F1, F2
transaction DELL Class C Common Stock Tax liability -$1.3M -25.6K -14.63% $50.74 149K Mar 15, 2022 Direct F3
transaction DELL Class C Common Stock Award $0 +137K +91.84% $0.00 286K Mar 15, 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 28,801 restricted stock units ("RSUs"). The RSUs vest in full on the first anniversary of the grant date contingent on the reporting person's continued service on such 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 63,165 RSUs previously reported as beneficially owned by the reporting person were adjusted and the reporting person now beneficially owns 153,115 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 221,323 shares certified as earned with respect to an award of performance-based RSUs granted on March 15, 2019, net of 84,174 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.