Brian Litman - 28 Sep 2021 Form 3/A - Amendment Insider Report for Whole Earth Brands, Inc.

Role
Chief Accounting Officer
Signature
/s/ Brian Litman, by Ira W. Schlussel, as Attorney-in Fact
Issuer symbol
N/A
Transactions as of
28 Sep 2021
Net transactions value
$0
Form type
3/A - Amendment
Filing time
22 Mar 2022, 19:31:41 UTC
Date Of Original Report
30 Sep 2021
Next filing
22 Mar 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
holding FREE Restricted Stock Units 28 Sep 2021 Common Stock 4,418 Direct F1, F2, F5
holding FREE Restricted Stock Units 28 Sep 2021 Common Stock 6,818 Direct F1, F3, F5
holding FREE Performance-Based Restricted Stock Units 28 Sep 2021 Common Stock 6,818 Direct F1, F4, F5
* 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, the restricted stock units shall vest in full in twelve (12) months, commencing on March 18, 2021, 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 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 March 18, 2021, 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.
F4 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.
F5 These restricted stock units were omitted from the reporting person's previous filings.