MICHAEL C. WILLOUGHBY - 14 Jun 2022 Form 4 Insider Report for PFSWEB INC

Role
CEO/President, Director
Signature
/s/ Thomas J Madden by Power of Attorney
Issuer symbol
N/A
Transactions as of
14 Jun 2022
Net transactions value
$0
Form type
4
Filing time
16 Jun 2022, 17:04:51 UTC
Previous filing
12 May 2022
Next filing
14 Dec 2022
SEC
View on sec.gov

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 PFSW Performance Share Award - 2022 STI Award $0 +33,098 $0.000000 33,098 14 Jun 2022 Common Stock 33,098 Direct F1
transaction PFSW Performance Share Award - 2022 LTI Award $0 +43,027 $0.000000 43,027 14 Jun 2022 Common Stock 43,027 Direct F2
transaction PFSW Restricted Stock Unit - 2022 LTI Award $0 +33,098 $0.000000 33,098 14 Jun 2022 Common Stock 33,098 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Performance Share Award under the Company's Stock and Incentive Plan. Each performance share represents the contingent right to receive one share of Common Stock. Subject to vesting based upon the achievement by the Company and/or a business unit thereof of performance goals measured by adjusted EBITDA and/or revenue for the 2022 fiscal year (subject to adjustment), contingent upon continued employment, and the other terms and conditions of the Plan and PSU Award Agreement.
F2 Issuance of Performance Share Award under the Company's Stock and Incentive Plan. Each performance share represents the contingent right to receive one share of Common Stock. Subject to three year annual vesting beginning in the 2022 fiscal year, contingent upon continued employment and the relative total shareholder return of the Company Common Stock as compared to a designated index, and the other terms and conditions of the Plan and PSU Award Agreement.
F3 Issuance of Restricted Stock Unit Award under the Company's Stock and Incentive Plan. Each RSU represents a right to receive one share of Common Stock. Subject to three year annual vesting beginning in the 2022 fiscal year, contingent upon continued employment, and the other terms and conditions of the Plan and RSU Award Agreement.