Owen Littman - Mar 10, 2022 Form 4 Insider Report for COWEN INC. (COWN)

Role
General Counsel
Signature
/s/ Owen S. Littman
Stock symbol
COWN
Transactions as of
Mar 10, 2022
Transactions value $
-$1,301,967
Form type
4
Date filed
3/14/2022, 04:08 PM
Previous filing
Feb 22, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COWN Class A Common Stock Award +70K +35.43% 268K Mar 10, 2022 Direct F1
transaction COWN Class A Common Stock Tax liability -$1.19M -32.9K -12.32% $36.10 235K Mar 10, 2022 Direct F2
transaction COWN Class A Common Stock Award +50 +0.02% 235K Mar 10, 2022 Direct F3
transaction COWN Class A Common Stock Tax liability -$113K -4.26K -1.81% $26.52 230K Mar 10, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 1, 2019, the Reporting Person was granted a performance share award consisting of 35,000 target shares, with the number of shares to be delivered upon settlement based on the attainment of certain performance metrics. In accordance with the performance share award agreement, 70,000 shares which represented the maximum payout under the performance share award agreement, were settled and delivered to the Reporting Person on March 10, 2022.
F2 Represents shares of the Issuer's Class A common stock withheld to satisfy tax withholding obligations upon the settlement of performance shares, in accordance with the terms of the related grant agreement, which was approved by the board of directors of the Issuer in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934.
F3 Grant of Cowen stock for no monetary consideration. The stock award was settled and delivered on March 10, 2022.
F4 Represents shares of the Issuer's Class A common stock withheld to satisfy tax withholding obligations upon the vesting of restricted stock, in accordance with the terms of the related grant agreement, which was approved by the board of directors of the Issuer in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934.