John J. Lynch Jr. - 05 Mar 2022 Form 4 Insider Report for Houghton Mifflin Harcourt Co

Role
President and CEO, Director
Signature
s/ William F. Bayers, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
05 Mar 2022
Net transactions value
-$1,560,276
Form type
4
Filing time
08 Mar 2022, 18:55:25 UTC
Previous filing
04 Mar 2022
Next filing
11 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMHC Common Stock Options Exercise $0 +43,011 +9.8% $0.000000 482,952 05 Mar 2022 Direct F1
transaction HMHC Common Stock Tax liability $402,061 -19,219 -4% $20.92 463,733 05 Mar 2022 Direct
transaction HMHC Common Stock Award $0 +123,899 +27% $0.000000 587,632 05 Mar 2022 Direct F2
transaction HMHC Common Stock Tax liability $1,158,215 -55,364 -9.4% $20.92 532,268 05 Mar 2022 Direct

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 HMHC Restricted Stock Units Options Exercise $0 -43,011 -100% $0.000000* 0 05 Mar 2022 Common Stock 43,011 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 43,011 restricted stock units held by Mr. Lynch vested on March 5, 2022 and were settled in exchange for a like amount of shares of Houghton Mifflin Harcourt Company's (the "Company") common stock, subject to the Company withholding of 19,219 shares of common stock to satisfy withholding obligations in connection with federal, state, local or other taxes required to be withheld or paid in connection with the settlement of the restricted stock units.
F2 123,899 performance stock units held by Mr. Lynch vested on March 5, 2022 and were settled in exchange for a like amount of shares of Company common stock, subject to the Company's withholding of 55,364 shares of common stock to satisfy withholding obligations in connection with federal, state, local or other taxes required to be withheld or paid in connection with the settlement of the performance stock units.
F3 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.

Remarks:

William F. Bayers is the Executive Vice President, Secretary and General Counsel of the Company.