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

Role
President & CEO, Director
Signature
/s/ Scott D'Angelo, as Attorney-in-Fact
Issuer symbol
CTS
Transactions as of
10 Feb 2022
Net transactions value
-$628,791
Form type
4
Filing time
14 Feb 2022, 17:33:48 UTC
Previous filing
08 Feb 2022
Next filing
10 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTS Common Stock Award $0 +22,982 +4.6% $0.000000 519,301 10 Feb 2022 Direct F1
transaction CTS Common Stock Tax liability $364,989 -10,866 -2.1% $33.59 508,435 10 Feb 2022 Direct
transaction CTS Common Stock Tax liability $155,018 -4,615 -0.91% $33.59 503,820 10 Feb 2022 Direct
transaction CTS Common Stock Award $0 +24,528 +5.2% $0.000000 500,566 10 Feb 2022 Direct F2
transaction CTS Common Stock Award $0 +10,418 +2.1% $0.000000 504,039 10 Feb 2022 Direct F3
transaction CTS Common Stock Tax liability $108,785 -3,258 -0.65% $33.39 500,781 11 Feb 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.