Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MAXR | Common Stock | Award | $0 | +23.7K | +69.12% | $0.00 | 58K | Dec 28, 2022 | Direct | F1, F2, F3 |
transaction | MAXR | Common Stock | Tax liability | -$605K | -11.8K | -20.27% | $51.47 | 46.3K | Dec 28, 2022 | Direct | F3, F4 |
transaction | MAXR | Common Stock | Tax liability | -$606K | -11.8K | -25.47% | $51.47 | 34.5K | Dec 28, 2022 | Direct | F5, F6 |
Id | Content |
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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 30,151 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. |
F6 | Amount reported includes 6,070 unvested restricted stock units. |