Michael R. Dunn - 22 Feb 2022 Form 4 Insider Report for Regional Management Corp. (RM)

Role
Director
Signature
/s/ Catherine R. Atwood, attorney-in-fact
Issuer symbol
RM
Transactions as of
22 Feb 2022
Transactions value $
-$663,951
Form type
4
Filing time
24 Feb 2022, 15:37:33 UTC
Previous filing
09 Nov 2021
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RM Common Stock Options Exercise $840K +49.2K +56.36% $17.08 136K 22 Feb 2022 Direct
transaction RM Common Stock Tax liability -$1.5M -28.7K -21.01% $52.47 108K 22 Feb 2022 Direct F1, F2

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 RM Employee Stock Option (right to buy) Options Exercise $0 -49.2K -100% $0.00* 0 22 Feb 2022 Common Stock 67.2K $17.08 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. These shares were withheld by the issuer (1) for payment of the exercise price based on the market price of the issuer's common stock at the time of the option exercise on February 22, 2022; and (2) in satisfaction of tax withholding obligations upon the exercise of the stock options. These are non-market transactions.
F2 Represents the closing market price of the issuer's common stock at the time of option exercise on February 22, 2022.
F3 The option vested and became exercisable in three equal installments on each of December 31, 2016, December 31, 2017, and December 31, 2018. The option is now fully exercisable.