Richard W. Heo - 23 Mar 2022 Form 4 Insider Report for GULF ISLAND FABRICATION INC (GIFI)

Role
President & CEO, Director
Signature
/s/ Richard W. Heo
Issuer symbol
GIFI
Transactions as of
23 Mar 2022
Net transactions value
$0
Form type
4
Filing time
23 Mar 2022, 17:58:16 UTC
Previous filing
28 May 2021
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GIFI Common Stock Award $0 +50,000 +8.9% $0.000000 609,998 23 Mar 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 GIFI Restricted Stock Units (Cash Settled) Award $0 +50,000 $0.000000 50,000 23 Mar 2022 Common Stock 50,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition of time-vested restricted stock units upon the certification of the performance condition with respect to a performance award granted on May 26, 2021.
F2 The restricted stock units vest in three equal annual installments beginning May 26, 2022 provided the service condition is satisfied.
F3 Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock.