Jason A. Gottlieb - 15 Feb 2024 Form 4 Insider Report for Artisan Partners Asset Management Inc. (APAM)

Role
President
Signature
/s/Lisa A. Moran, attorney-in-fact for Mr. Gottlieb
Issuer symbol
APAM
Transactions as of
15 Feb 2024
Transactions value $
-$173,520
Form type
4
Filing time
20 Feb 2024, 16:25:57
Previous filing
02 Mar 2023
Next filing
01 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APAM Class A Common Stock, par value $0.01 per share Options Exercise $0 +14.1K +12.55% $0.00 127K 15 Feb 2024 Direct
transaction APAM Class A Common Stock, par value $0.01 per share Tax liability -$174K -4.11K -3.25% $42.26 122K 15 Feb 2024 Direct

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
transaction APAM Performance Share Units Options Exercise $0 -28.2K -43.95% $0.00 36K 15 Feb 2024 Class A Common Stock, par value $0.01 per share 28.2K Direct F1, F2
transaction APAM Restricted Share Units Award $0 +14.1K +62.69% $0.00 36.6K 15 Feb 2024 Class A Common Stock, par value $0.01 per share 14.1K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit ("PSU"), which was granted under the Artisan Partners Asset Management Inc. 2013 Omnibus Incentive Compensation Plan and previously reported, represented a contingent right to receive one share of Class A common stock, par value $0.01 per share ("Share").
F2 Performance under the PSUs was measured on 2/15/2024 based on performance over a period ending on 12/31/2023. Half of the earned PSUs were settled in Shares on 2/15/2024, and half will settle in Shares upon a qualifying retirement subject to continued service.
F3 Half of the PSUs that were earned on 2/15/2024, each of which represents a contingent right to receive one Share, will be eligible to vest based on continued service through the date of a qualified retirement.