Calero Miguel Angel Fernandez - Apr 6, 2023 Form 4 Insider Report for TUPPERWARE BRANDS CORP (TUP)

Role
Chief Executive Officer, Director
Signature
/s/ Karen M. Sheehan, attorney-in-fact
Stock symbol
TUP
Transactions as of
Apr 6, 2023
Transactions value $
$282,559
Form type
4
Date filed
4/10/2023, 05:00 PM
Previous filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TUP Common Stock Tax liability -$83.6K -34.5K -7.21% $2.42 444K Apr 6, 2023 Direct F1
transaction TUP Common Stock Award $366K +151K +34.04% $2.42 596K Apr 6, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were withheld by the Issuer upon the vesting of 1/3 of the reporting person's April 6, 2020 restricted stock units award to cover the resulting tax liability. On April 6, 2020, the reporting person was granted 425,532 restricted stock units with a vesting schedule of 3 equal annual installments beginning on April 6, 2021, the first anniversary of the grant.
F2 Represents shares awarded to reporting person in connection with the vesting of performance-based PSUs initially awarded on April 6, 2020. 48,700 shares were surrendered to cover the resulting tax liability.