Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GTY | Restricted Stock Unit | Award | +3.5K | 3.5K | Jul 19, 2021 | Common Stock | 3.5K | Direct | F1, F2, F3 |
Id | Content |
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F1 | Each Restricted Stock Unit (RSU) is settled at the discretion of the Compensation Committee in one (1) share of common stock or in cash in an amount equal to the fair market value of one (1) share of common stock on the settlement date noted in footnote (2) below. |
F2 | RSUs vest ratably over five years commencing on the first anniversary of the date of grant, subject to continued service with the Issuer on each respective vesting date, except that, to the extent unvested, RSUs fully vest upon death prior to termination of service or upon termination of service for any reason other than the Reporting Person voluntarily electing to resign from the Board, voluntarily electing not to stand for re-election to the Board or being involuntarily removed from the Board (excluding, for this purpose, a failure to be re-elected by the stockholders). RSUs may also vest in the discretion of the Compensation Committee upon retirement from the Board, subject to the terms of the Issuer's Third Amended and Restated 2004 Omnibus Incentive Compensation Plan and the applicable grant agreement. RSUs are settled in cash or common stock, in the discretion of the Compensation Committee, upon the earlier of the tenth anniversary of the grant date, or termination of service. |
F3 | The RSUs were received by the Reporting Person for no consideration. |