Gregoire Maes - Jan 1, 2024 Form 4 Insider Report for CompoSecure, Inc. (CMPO)

Signature
/s/ Gregoire Maes, by attorney-in-fact Timothy Fitzsimmons
Stock symbol
CMPO
Transactions as of
Jan 1, 2024
Transactions value $
-$240,008
Form type
4
Date filed
1/3/2024, 07:05 PM
Previous filing
Mar 13, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMPO Class A Common Stock Tax liability -$145K -26.9K -5.54% $5.40 458K Jan 1, 2024 Direct F1
transaction CMPO Class A Common Stock Tax liability -$95K -17.6K -3.84% $5.40 441K Jan 1, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the number of shares withheld in satisfaction of applicable tax withholding obligations in connection with the net settlement of 62,500 restricted stock units ("RSUs") that vested on January 1, 2024. These RSUs were originally granted on March 16, 2022 in the aggregate amount of 250,000 RSUs, for which the remaining 125,000 RSUs (the "2022 Unvested Time-Vesting RSUs") will continue to vest ratably on each of January 1, 2025 and January 1, 2026, respectively, subject to the reporting person's continued service as of the applicable vesting date.
F2 Reflects the number of shares withheld in satisfaction of applicable tax withholding obligations in connection with the net settlement of 43,659 restricted stock units ("RSUs") that vested on January 1, 2024. These RSUs were originally granted on March 9, 2023 in the aggregate amount of 130,976 RSUs, for which the remaining 87,317 RSUs (the "2023 Unvested Time-Vesting RSUs") will continue to vest ratably on each of January 1, 2025 and January 1, 2026, respectively, subject to the reporting person's continued service as of the applicable vesting date.
F3 Includes (A) 97,328 shares of Class A Common Stock owned by the reporting person, (B) 125,000 shares of Class A Common Stock underlying the 2022 Unvested Time-Vesting RSUs, (C) 87,317 shares of Class A Common Stock underlying the 2023 Unvested Time-Vesting RSUs and (D) 130,976 performance-vesting RSUs, which will vest over the applicable performance period based on the achievement of the provided performance targets, as set forth in the governing award agreement, subject to the reporting person's continued service as of the applicable vesting date and that will be settled into Class A Common Stock upon vesting.. The RSUs will be settled into Class A Common Stock upon vesting and may be settled net of shares withheld to pay applicable taxes.