Laura L. Bracken - 06 Mar 2023 Form 4 Insider Report for PFSWEB INC

Role
CAO/Senior Vice President
Signature
/s/ Thomas J Madden by Power of Attorney
Issuer symbol
N/A
Transactions as of
06 Mar 2023
Net transactions value
$0
Form type
4
Filing time
20 Mar 2023, 17:01:50 UTC
Previous filing
24 Jun 2021
Next filing
23 Oct 2023
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- 2023 STI Award $0 +10,434 $0.000000 10,434 06 Mar 2023 Common Stock 10,434 Direct F1
transaction PFSW Performance Share Award- 2023 LTI Award $0 +13,563 $0.000000 13,563 06 Mar 2023 Common Stock 13,563 Direct F2
transaction PFSW Restricted Stock Unit- 2023 LTI Award $0 +10,433 $0.000000 10,433 06 Mar 2023 Common Stock 10,433 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 2023 fiscal year (subject to adjustment) and contingent upon continued employment.
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 2023 fiscal year, contingent upon continued employment and achievement by the Company of certain financial performance goals, 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 2023 fiscal year, contingent upon continued employment, and the other terms and conditions of the Plan and RSU Award Agreement.