| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CIO | Common Stock | Options Exercise | +72.1K | +15.32% | 543K | Jan 25, 2023 | Direct | F1, F2 | ||
| transaction | CIO | Common Stock | Tax liability | -36K | -6.64% | 506K | Jan 25, 2023 | Direct | F2 | ||
| holding | CIO | Common Stock | 31.9K | Jan 24, 2023 | Through family members | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CIO | Restricted Stock Units | Award | +2.88K | +2.21% | 133K | Jan 24, 2023 | Common Stock | 2.88K | Direct | F4, F5, F6 | |||
| transaction | CIO | Restricted Stock Units | Award | +50K | +37.57% | 183K | Jan 24, 2023 | Common Stock | 50K | Direct | F4, F6, F7 | |||
| transaction | CIO | Performance Restricted Stock Units | Award | +75K | +58.79% | 202K | Jan 24, 2023 | Common Stock | 75K | Direct | F2, F6, F8 | |||
| transaction | CIO | Performance Restricted Stock Units | Options Exercise | -72.1K | -30.74% | 162K | Jan 25, 2023 | Common Stock | 72.1K | Direct | F1, F9 |
| Id | Content |
|---|---|
| F1 | As previously reported, on January 27, 2020, the reporting person was granted 40,000 PSUs (the "Target PSUs"), and, depending on the level of achievement of certain performance goals during the three-year performance period ending December 31, 2022 (the "Measurement Period"), the actual number of PSUs earned could range from 50% to 150% of the Target PSUs. On January 25, 2023, 72,089 PSUs vested based on the achievement of certain performance goals during the Measurement Period. On January 25, 2023, the Compensation Committee of the Board of Directors of the Issuer certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the PSUs with respect to these shares. Dividend equivalent units accrued with respect to these PSUs when and as dividends were paid on the Issuer's Common Stock. The number of derivative securities in column 5 includes 8,059 vested dividend equivalent units. |
| F2 | In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"),Performance Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis. |
| F3 | The Reporting Person disclaims beneficial ownership of these securities as this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for the purposes of Section 16 or any other purpose. |
| F4 | In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis. |
| F5 | The units represent Restricted Stock Units issuable to the reporting person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the reporting person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial grant date, generally subject to the reporting person's continued service through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest. |
| F6 | Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units. |
| F7 | In accordance with the Equity Incentive Plan, the Restricted Stock Units (and related dividend equivalent rights) shall vest in three substantially equal installments on each of the first three annual anniversaries of their initial grant date, generally subject to the grantee's continued employment through each applicable vesting date. |
| F8 | On January 24, 2023, the reporting person was granted 74,961 Performance Restricted Stock Units. Pursuant to the terms of the award agreement governing the Performance Restricted Stock Units, the number of underlying shares of the Company's common stock that the reporting person may ultimately become entitled to receive at the time of vesting will range from 50% to 150% of the number of Performance Restricted Stock Units initially granted, subject to certain relative total stockholder return conditions being met during the measurement period that begins on January 1, 2023 and ends on December 31, 2025. Dividend equivalent rights were granted in the applicable award agreement and accrue with respect to these Performance Restricted Stock Units when and as dividends are paid on the Company's common stock. |
| F9 | Each Performance Restricted Stock Unit ("PSU") represents a contingent right to receive shares of the Issuer's Common Stock. |