Elizabeth Andora - Dec 28, 2022 Form 4 Insider Report for Maxar Technologies Inc. (MAXR)

Role
SVP and CHRO
Signature
/s/ Patricia Lamm, attorney-in-fact for Elizabeth Andora
Stock symbol
MAXR
Transactions as of
Dec 28, 2022
Transactions value $
-$1,478,321
Form type
4
Date filed
12/30/2022, 03:44 PM
Previous filing
Jun 2, 2022
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAXR Common Stock Award $0 +41.6K +98.14% $0.00 83.9K Dec 28, 2022 Direct F1, F2, F3
transaction MAXR Common Stock Tax liability -$940K -18.3K -21.75% $51.47 65.7K Dec 28, 2022 Direct F3, F4
transaction MAXR Common Stock Tax liability -$539K -10.5K -15.93% $51.47 55.2K Dec 28, 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is due to an accelerated vesting on December 28, 2022 based on approval of the Compensation Committee of the Board of Directors (the "Committee") to mitigate adverse tax consequences to both the Company and the Reporting Person that could arise under Section 280G and 4999 of the Internal Revenue Code in connection with the merger transaction contemplated by the Agreement and Plan of Merger by and among the Company, Galileo Parent, Inc., Galileo Bidco, Inc. and Galileo Topco, Inc. dated as of December 15, 2022 (the "Merger Agreement").
F2 Granted by the Issuer for no consideration.
F3 Amount reported includes 23,835 unvested restricted stock units.
F4 Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of performance stock units; not an open market transaction.
F5 Shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units; not an open market transaction.