Karen J. Holcom - 24 Oct 2022 Form 4 Insider Report for ACUITY BRANDS INC (AYI)

Role
SVP & Chief Financial Officer
Signature
Jill A. Gilmer, under Power of Attorney for Karen J. Holcom
Issuer symbol
AYI
Transactions as of
24 Oct 2022
Net transactions value
-$283,599
Form type
4
Filing time
26 Oct 2022, 17:03:55 UTC
Previous filing
12 Oct 2022
Next filing
27 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AYI Common Stock Award $0 +3,714 +22% $0.000000 20,244 24 Oct 2022 Direct F1, F2
transaction AYI Common Stock Award $0 +2,252 +11% $0.000000 22,496 24 Oct 2022 Direct F3
transaction AYI Common Stock Tax liability $182,905 -1,029 -4.6% $177.75 21,467 24 Oct 2022 Direct F4
transaction AYI Common Stock Tax liability $100,694 -545 -2.5% $184.76 20,922 25 Oct 2022 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares being reported result from the grant of a restricted stock unit award pursuant to the Amended and Restated Acuity Brands, Inc. 2012 Omnibus Stock Incentive Compensation Plan. The restricted stock units vest in equal annual installments over a three-year period and will become fully vested on October 24, 2025.
F2 Since the date of the reporting person's last ownership report, she transferred 303 shares of the Company's common stock to her ex-husband pursuant to a divorce decree.
F3 These performance stock unit (PSU) awards, granted on October 24, 2019, had a three-year performance period that started on September 1, 2019 and ended on August 31, 2022. On October 24, 2022, the Compensation and Management Development Committee certified the achievement of the performance measure (return on invested capital in excess of the weighted cost of capital) at the maximum level (200%) and authorized the subsequent issuance of common stock underlying the PSUs.
F4 The transaction(s) report(s) the withholding of stock to cover tax liability associated with the vesting of restricted stock, restricted stock units, or performance stock units held by the reporting person. Such withholding is required under the Company's standard processes for such events.
F5 The total direct shares owned includes 11,910 time-vesting restricted shares/units and 4 shares held in the employee stock purchase plan.