Jonathan Wilk - Mar 15, 2024 Form 4 Insider Report for CompoSecure, Inc. (CMPO)

Signature
/s/ Jonathan Wilk, by attorney-in-fact Timothy Fitzsimmons
Stock symbol
CMPO
Transactions as of
Mar 15, 2024
Transactions value $
$7,341,338
Form type
4
Date filed
3/19/2024, 09:57 PM
Previous filing
Jan 3, 2024
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMPO Class A Common Stock Award $3.67M +707K +30.15% $5.19 3.05M Mar 15, 2024 Direct F1, F3, F4
transaction CMPO Class A Common Stock Award $3.67M +707K +23.16% $5.19 3.76M Mar 15, 2024 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent restricted stock units ("RSUs"), which will vest ratably over three years, with 33% of the award vesting on each of January 1, 2025, January 1, 2026 and January 1, 2027, respectively, 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.
F2 These shares represent 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.
F3 Includes (A) the RSUs described in footnote (1) above, (B) 461,719 shares of Class A Common Stock owned directly by the reporting person, (C) 561,725 shares of Class A Common Stock underlying the 2022 Unvested Time-Vesting RSUs, (D) 349,269 shares of Class A Common Stock underlying the 2023 Unvested Time-Vesting RSUs, (E) 449,380 performance-vested RSUs granted on March 16, 2022, 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 (E) 523,903 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.
F4 The total reported above does not include 1,236,027 shares of Class B Common Stock, and a corresponding number of Class B Common Units issued by CompoSecure Holdings, L.L.C. that are exchangeable for Class A Common Stock on a share-for-share basis, subject to adjustment, and a corresponding cancellation of the Class B Common Stock, held by CompoSecure Employee LLC. Mr. Wilk may be deemed the beneficial owner of the 1,236,027 shares of Class B Common Stock because he is the sole member of the CompoSecure Employee LLC.
F5 Includes (A) the RSUs described in footnotes (1) and (2) above, (B) 461,719 shares of Class A Common Stock owned directly by the reporting person, (C) 561,725 shares of Class A Common Stock underlying the 2022 Unvested Time-Vesting RSUs, (D) 349,269 shares of Class A Common Stock underlying the 2023 Unvested Time-Vesting RSUs, (E) 449,380 performance-vested RSUs granted on March 16, 2022, 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 (E) 523,903 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.