Heeth Varnedoe IV - Jan 5, 2022 Form 4 Insider Report for FLOWERS FOODS INC (FLO)

Signature
/s/ Stephanie B. Tillman, Agent
Stock symbol
FLO
Transactions as of
Jan 5, 2022
Transactions value $
-$23,670
Form type
4
Date filed
1/24/2022, 04:40 PM
Previous filing
Dec 9, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLO Common Stock Tax liability -$23.7K -849 -7.64% $27.88 10.3K Jan 5, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares surrendered in satisfaction of withholding taxes collected pursuant to the vesting of certain Time-Based Restricted Stock Units ("TBRSUs") granted under the Flowers Foods, Inc. 2014 Omnibus Equity and Incentive Plan.
F2 Includes the remaining balance of the 3,670 TBRSUs that reporting person was granted in 2019 (the "2019 Award") and the 3,490 TBRSUs that reporting person was granted in 2020 (the "2020 Award"), each under the Flowers Foods, Inc. 2014 Omnibus Equity and Incentive Compensation Plan. The 2019 Award became non-forfeitable over the period running through January 5, 2022, with one-third (1/3) of the 2019 Award becoming non-forfeitable on each of (a) January 5, 2020, (ii) January 5, 2021, and (c) January 5, 2022, subject to reporting person having remained in the continuous employ of the Company and/or a Subsidiary until said date. The 2020 Award will become non-forfeitable over the period running through January 5, 2023, with one-third (1/3) of the 2020 Award becoming non-forfeitable on each of (a) January 5, 2021, (ii) January 5, 2022, and (c) January 5, 2023, subject to reporting person having remained in the continuous employ of the Company and/or a Subsidiary until said date.
F3 Amount includes shares acquired through reinvestment of dividends through 12/31/2021.