Marc O. Mayer - Jun 11, 2021 Form 4 Insider Report for Manning & Napier, Inc. (MN)

Role
Chairman and CEO, Director
Signature
/s/ Sarah C. Turner, attorney-in-fact
Stock symbol
MN
Transactions as of
Jun 11, 2021
Transactions value $
-$786,005
Form type
4
Date filed
6/15/2021, 09:46 PM
Previous filing
May 26, 2021
Next filing
Oct 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MN Class A Common Stock, par value $0.01 Options Exercise $503K +250K +18.33% $2.01 1.61M Jun 11, 2021 Direct F1
transaction MN Class A Common Stock, par value $0.01 Tax liability -$1.29M -161K -9.97% $8.01 1.45M Jun 11, 2021 Direct F1

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 MN Employee Stock Option (right to buy) Options Exercise $0 -250K -42.86% $0.00 333K Jun 11, 2021 Class A Common Stock, par value $0.01 250K $2.01 Direct F2, F3, F4
holding MN Employee Stock Option (right to buy) 167K Jun 11, 2021 Class A Common Stock, par value $0.01 167K $2.01 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 163,399 restricted stock units that will convert to common stock on a one-for-one basis. The restricted stock units are subject to time vesting, with one-fourth of such restricted stock units vesting on each of February 1, 2023, February 1, 2024, February 1, 2025 and February 1, 2026.
F2 6,332 options became exercisable on February 26, 2021 and 243,668 options became exercisable on March 9, 2021.
F3 The options shall terminate and become null and void at the close of business on the date that is the fourth anniversary of the applicable vesting date.
F4 45,332 options became exercisable on March 9, 2021 and 288,000 options became exercisable on June 3, 2021.