J. David Enloe Jr - Jan 19, 2023 Form 4 Insider Report for Societal CDMO, Inc. (SCTL)

Role
Chief Executive Officer, Director
Signature
/s/ Ryan D. Lake, attorney-in-fact
Stock symbol
SCTL
Transactions as of
Jan 19, 2023
Transactions value $
-$119,152
Form type
4
Date filed
1/23/2023, 06:49 PM
Previous filing
Dec 19, 2022
Next filing
Aug 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCTL Common Stock Award +152K +30.42% 650K Jan 19, 2023 Direct F1
transaction SCTL Common Stock Tax liability -$76.9K -57K -8.77% $1.35 593K Jan 19, 2023 Direct F2
transaction SCTL Common Stock Award $0 +412K +69.59% $0.00 1M Jan 19, 2023 Direct F3
transaction SCTL Common Stock Tax liability -$42.2K -31K -3.09% $1.36 974K Jan 20, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SCTL Stock Option (Right to Buy) Award $0 +287K $0.00 287K Jan 19, 2023 Common Stock 287K $1.35 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 19, 2023, the Compensation Committee of the Board of Directors of the Company determined that performance-vesting criteria were met with regard to 151,515 performance-based restricted stock units granted in a prior year, which were converted into 151,515 shares of common stock on a one-for-one basis.
F2 Shares withheld by the Company to satisfy applicable withholding taxes upon vesting of the performance-based restricted stock units.
F3 Subject to shareholders approving an increase in the number of authorized shares of common stock at the Company's 2023 annual meeting of shareholders, these restricted stock units will vest in four equal annual installments beginning on January 19, 2024, subject to continued service with the Company.
F4 Shares withheld by the Company to satisfy applicable withholding taxes upon vesting of restricted stock units.
F5 Subject to shareholders approving an increase in the number of authorized shares of common stock at the Company's 2023 annual meeting of shareholders, the stock option vests in equal monthly installments over 48 months, beginning on February 19, 2023, subject to continued service with the Company.