Jerome Labat - Feb 15, 2022 Form 4 Insider Report for CERNER Corp (CERN)

Role
EVP & Chief Technology Officer
Signature
/s/ Shane M. Dawson, by Power of Attorney
Stock symbol
CERN
Transactions as of
Feb 15, 2022
Transactions value $
$0
Form type
4
Date filed
2/17/2022, 03:04 PM
Previous filing
Jan 21, 2022
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CERN Common Stock 21.9K Feb 15, 2022 Direct
holding CERN Common Stock 37 Feb 15, 2022 by 401(k) Plan

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 CERN Restricted Stock Units Award $0 +9.3K +89.4% $0.00 19.7K Feb 15, 2022 Common Stock 9.3K $0.00 Direct F1, F2, F3
holding CERN Restricted Stock Units 11.5K Feb 15, 2022 Common Stock 11.5K $0.00 Direct F1
holding CERN Restricted Stock Units 26.1K Feb 15, 2022 Common Stock 26.1K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs convert on a one for basis for shares of common stock, without any consideration.
F2 Reporting person was granted performance-based restricted stock units on June 1, 2020, which are earned based on the attainment of established performance criteria unrelated to the Company's stock price. As a result of our full year 2021 performance relative to the attainment of the established Adjusted Operating Margin performance targets, the number of shares listed in this Table II were banked upon Compensation Committee approval, and will be banked until June 1, 2023, the vest date, subject to continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Cerner Corporation common stock.
F3 This transaction represents a grant of restricted stock units to the reporting person by the issuer. Therefore, no consideration other than the value of services rendered was paid for the security.