John P. Stupp Jr - Jan 3, 2023 Form 4 Insider Report for ATRION CORP (ATRI)

Role
Director
Signature
s/Jeffery Strickland, Attorney-in-fact
Stock symbol
ATRI
Transactions as of
Jan 3, 2023
Transactions value $
$20,000
Form type
4
Date filed
1/4/2023, 01:46 PM
Previous filing
May 26, 2022
Next filing
Feb 6, 2023

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 ATRI stock units Award +6.79 +1.34% 515 Jan 3, 2023 Common shares 6.79 Direct F1, F3
transaction ATRI stock units Award $20K +35.8 +6.94% $559.45 551 Jan 3, 2023 Common shares 35.8 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Stock Units accrued as dividend equivalents on previously awarded Stock Units. Each Stock Unit is the economic equivalent of one share of Atrion Corporation common stock. These Stock Units are fully vested and will each convert into one share of Atrion Corporation common stock to be delivered to the reporting person as elected pursuant to the Deferred Compensation Plan.
F2 In accordance with the Deferred Compensation Plan, the reported Stock Units were credited to the reporting persons Stock Unit Account in connection with the reporting persons election to defer a portion of the reporting persons compensation as a member of the Board of Directors. These Stock Units vest 25% on January 3, 2023, 25% on April 1, 2023, 25% on July 1, 2023 and 25% on October 1, 2023, provided the reporting person is serving on such date as a member of the Board of Directors. In January of the year following the year in which service as a director ceases for any reason, vested Stock Units will convert to shares of common stock, without further consideration, on a one for one basis.
F3 Stock Units will not expire.