Jeffrey S. Robinson - Dec 19, 2021 Form 3 Insider Report for Whole Earth Brands, Inc. (FREE)

Role
President, Mafco Worldwide LLC
Signature
/s/ Ira W. Schlussel, as Attorney-in-Fact for Jeffrey Robinson
Stock symbol
FREE
Transactions as of
Dec 19, 2021
Transactions value $
$0
Form type
3
Date filed
12/29/2021, 04:47 PM
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FREE Common Stock 20K Dec 19, 2021 Direct

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
holding FREE Restricted Stock Units Dec 19, 2021 Common Stock 17.7K Direct F1, F2
holding FREE Performance-Based Restricted Stock Units Dec 19, 2021 Common Stock 17.7K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one (1) share of Whole Earth Brands, Inc. Common Stock.
F2 Subject to the reporting person's continuous employment through the vesting date, the restricted stock units shall vest one-third (1/3) annually over the next three (3) years, commencing on the date of grant, except in the case of the reporting person's earlier involuntary termination. In the event of a voluntary termination by the reporting person prior to the vesting date, all restricted stock units will be forfeited.
F3 The vesting of these performance-based restricted stock units ("PSUs") is dependent upon the achievement by Whole Earth Brands, Inc. of certain financial performance criteria. Subject to continued employment through the applicable vesting date and to accelerated vesting in certain circumstances, the number of PSUs scheduled to vest on the third anniversary of the grant date following the 2023 annual performance period will vary between 0% and 200% of the number reported, depending on whether and the extent to which Whole Earth Brands, Inc. meets certain financial performance goals.

Remarks:

Exhibit 24.1 Power of Attorney