Kieran M. O'sullivan - Feb 10, 2022 Form 4 Insider Report for CTS CORP (CTS)

Role
President & CEO, Director
Signature
/s/ Scott D'Angelo, as Attorney-in-Fact
Stock symbol
CTS
Transactions as of
Feb 10, 2022
Transactions value $
-$628,791
Form type
4
Date filed
2/14/2022, 05:33 PM
Previous filing
Feb 8, 2022
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTS Common Stock Award $0 +23K +4.63% $0.00 519K Feb 10, 2022 Direct F1
transaction CTS Common Stock Tax liability -$365K -10.9K -2.09% $33.59 508K Feb 10, 2022 Direct
transaction CTS Common Stock Tax liability -$155K -4.62K -0.91% $33.59 504K Feb 10, 2022 Direct
transaction CTS Common Stock Award $0 +24.5K +5.15% $0.00 501K Feb 10, 2022 Direct F2
transaction CTS Common Stock Award $0 +10.4K +2.11% $0.00 504K Feb 10, 2022 Direct F3
transaction CTS Common Stock Tax liability -$109K -3.26K -0.65% $33.39 501K Feb 11, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Time-based restricted stock units vesting 1/3 annually.
F2 Payout of 2019-2021 performance-based restricted stock units. This award was previously reported in February 2019 upon grant at target (27,782), so the Reporting Person's beneficial ownership is not being increased by these shares, but is being decreased by 3,254 shares to account for actual performance.
F3 Payout of 2019-2021 supplemental performance-based restricted stock units. This award was previously reported in February 2019 upon grant at target (6,945), so the Reporting Person's beneficial ownership is being increased by 3,473 shares to account for actual performance.