Steven T. Campbell - Aug 1, 2021 Form 4 Insider Report for TESSCO TECHNOLOGIES INC (TESS)

Role
Director
Signature
Steven T. Campbell by Aric Spitulnik by Power of Attorney
Stock symbol
TESS
Transactions as of
Aug 1, 2021
Transactions value $
$0
Form type
4
Date filed
8/3/2021, 09:04 PM
Previous filing
Aug 6, 2021
Next filing
Jun 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TESS Common Stock Award +3K 3K Aug 1, 2021 Direct F1
transaction TESS Common Stock Award +4.55K +151.6% 7.55K Aug 1, 2021 Direct F2
transaction TESS Common Stock Award +5.09K +67.46% 12.6K Aug 1, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects Common Stock covered by Restricted Share Units, sometimes referred to as RSUs, representing the conditional right to receive one share of Common Stock. RSUs are subject to time vesting but not performance vesting. RSUs for 3,000 shares of Common Stock granted August 1, 2021 will vest and the underlying shares of Common Stock will be issued in equal annual installments of 750 shares commencing on or about August 1, 2022, and then on or about May 1, 2023, 2024 and 2025, generally subject to the reporting persons continued association with the Issuer on the date such shares of Common Stock are to be issued. Reporting Person has elected to report the shares of Common Stock as an award in Table I instead of reporting the award of the RSUs in Table II.
F2 Reflects restricted stock in lieu of director fees. Risk of forfeiture lapses in full on August 1, 2022 provided the Reporting Person remains associated on that date (or if not associated for select reasons).
F3 Reflects Common Stock issuable pursuant to Restricted Share Units, sometimes referred to as RSUs, representing the conditional right to receive one share of Common Stock and granted in lieu of estimated fiscal 2022 director meeting fees. RSUs will vest and the underlying shares of Common Stock will be issued on August 1, 2022. If the Reporting Person does not complete the anticipated performance, the amount of earned RSUs and shares of Common Stock then to be issued will be prorated accordingly. Reporting Person has elected to report the shares of Common Stock as an award in Table I instead of reporting the award of the RSUs in Table II