Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VVX | Restricted Stock Units | Award | +72.8K | 72.8K | Jul 5, 2022 | V2X, Inc. Common Stock | 72.8K | Direct | F1, F2, F3 |
Id | Content |
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F1 | These restricted stock units ("RSUs") convert to V2X, Inc. (formerly known as Vectrus, Inc., the "Issuer") common stock on a one-for-one basis. |
F2 | Reflects RSUs granted by the Issuer pursuant to the terms of the Agreement and Plan of Merger, dated as of March 7, 2022 (the "Merger Agreement"), entered into by and among Vectrus, Inc., Vertex Aerospace Services Holding Corp., ("Vertex") and other parties thereto. Pursuant to the terms of the Merger Agreement, Vectrus, Inc. (which subsequently changed its name to V2X, Inc.) acquired Vertex (the "Merger") and Vertex stock options held by the reporting person were replaced by these RSUs. The Merger closed on July 5, 2022. |
F3 | The awarded RSUs will vest as follows: (a) 1/4 will vest on the six-month anniversary of the grant date, (b) 1/4 will vest on the one-year anniversary of the grant date, (c) 1/4 will vest on the eighteen-month anniversary of the grant date, and (d) 1/4 will vest on the two-year anniversary of the grant date. |