G. Marc Baumann - Oct 25, 2023 Form 4 Insider Report for SP Plus Corp (SP)

Signature
/s/ Patrick Kilmer-Lipinski, as attorney-in-fact for G Marc Baumann
Stock symbol
SP
Transactions as of
Oct 25, 2023
Transactions value $
-$1,786,181
Form type
4
Date filed
12/18/2023, 08:02 PM
Previous filing
Mar 3, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SP Common Stock Award $0 +31.4K +14.95% $0.00 242K Oct 25, 2023 Direct F1, F2, F3
transaction SP Common Stock Tax liability -$1.79M -34.8K -14.4% $51.33 207K Dec 7, 2023 Direct F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance share units (PSUs) deemed earned upon the approval of certain performance criteria by the Issuer's board of directors on October 25, 2023 in connection with PSUs granted to the reporting person on March 4, 2021 under the SP Plus Long-Term Incentive Plan. These PSUs vested on December 1, 2023 and settled in shares of SP Plus common stock on a one-for-one basis.
F2 Includes 120,805 restricted stock units.
F3 The reporting person holds the shares in an account with his spouse as joint tenants with rights of survivorship.
F4 The reporting person had 47,130 restricted stock units (RSUs) that vested on December 1, 2023 and settled in shares of SP Plus common stock on a one-for-one basis. The vesting of these RSUs was accelerated from December 31, 2023 in connection with the Agreement and Plan of Merger, dated as of October 4, 2023, entered into by and among the Issuer, Metropolis Technologies, Inc. ("Parent"), and Schwinger Merger Sub Inc., a direct, wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which, among other things, Merger Sub will merge with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent.
F5 Represents shares withheld as payment of a tax withholding liability incident to the vesting and settlement of the PSUs and RSUs described herein in accordance with Rule 16b-3.
F6 Includes 73,675 restricted stock units.