Gonzaga Chow - 07 May 2022 Form 4 Insider Report for CommScope Holding Company, Inc. (COMM)

Role
SVP & President, Home Networks
Signature
/s/Michael D. Coppin, under a Power of Attorney
Issuer symbol
COMM
Transactions as of
07 May 2022
Net transactions value
-$59,554
Form type
4
Filing time
10 May 2022, 16:05:31 UTC
Previous filing
08 Mar 2022
Next filing
02 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COMM Common Stock Options Exercise $0 +26,031 +82% $0.000000 57,812 07 May 2022 Direct F1, F2
transaction COMM Common Stock Tax liability $59,554 -7,836 -14% $7.60 49,976 07 May 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 -26,031 -30% $0.000000 60,739 07 May 2022 Common Stock 26,031 $0.000000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 7, 2021, the reporting person was granted 86,770 performance share units, which vest upon the achievement of certain hurdles relating to the issuer's stock price ranging from a low of $17.50 to a high of $40, and the reporting person's continued employment with the issuer, over the period from 05/07/2021 to 10/01/2024. On August 2, 2021, each of the $17.50 stock price hurdle and the $20.00 stock price hurdle was achieved and, on May 7, 2022, the continued employment requirement was met, resulting in vesting of 26,031 performance share units.
F2 As previously reported, includes 12,110 restricted stock units that were granted on 06/01/2020 and will vest on 03/01/2023, 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 $17.50 to a high of $40, and the reporting person's continued employment with the issuer, over the period from 05/07/2021 to 10/01/2024.