Charles L. Treadway - Apr 1, 2022 Form 4 Insider Report for CommScope Holding Company, Inc. (COMM)

Role
President and CEO, Director
Signature
/s/Michael D. Coppin, under a Power of Attorney
Stock symbol
COMM
Transactions as of
Apr 1, 2022
Transactions value $
-$579,026
Form type
4
Date filed
4/5/2022, 04:13 PM
Previous filing
Mar 14, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COMM Common Stock Options Exercise $0 +220K +21.83% $0.00 1.23M Apr 1, 2022 Direct F1, F2
transaction COMM Common Stock Tax liability -$579K -75.3K -6.13% $7.69 1.15M Apr 1, 2022 Direct F2, F3

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 COMM Performance Share Units Options Exercise $0 -220K -22.22% $0.00 770K Apr 1, 2022 Common Stock 220K $0.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 1, 2020, the reporting person was granted 1,100,000 performance share units, which vest upon the achievement of certain hurdles relating to the issuer's stock price ranging from a low of $15 to a high of $40, and the reporting person's continued employment with the issuer, over the four-year period from 10/01/2020 to 10/01/2024. On July 27, 2021, the $20.00 stock price hurdle was achieved and, on April 1, 2022, the continued employment requirement was met, resulting in vesting of 220,000 performance share units.
F2 As previously reported, includes (a) 333,334 restricted stock units that were granted on 10/01/2020 and will vest in equal installments on 10/01/2022 and 10/01/2023, and (b) 391,700 restricted stock units that were granted on 03/01/2022 and will vest ratably on 06/01/2023, 06/01/2024 and 06/01/2025, each subject to the reporting person's continued employment with the issuer.
F3 Reflects shares withheld to cover taxes incurred upon the vesting of the performance share units.
F4 Each performance share unit reflects the right to receive one share of common stock. The performance share units vest upon the achievement of certain hurdles relating to the issuer's stock price ranging from a low of $15 to a high of $40, and the reporting person's continued employment with the issuer, over the four-year period from 10/01/2020 to 10/01/2024.