Kieran M. O'sullivan - Feb 9, 2023 Form 4 Insider Report for CTS CORP (CTS)

Role
President & CEO, Director
Signature
/s/ Scott L. D'Angelo, as Attorney-in-Fact
Stock symbol
CTS
Transactions as of
Feb 9, 2023
Transactions value $
-$1,522,029
Form type
4
Date filed
2/13/2023, 03:54 PM
Previous filing
Feb 8, 2023
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTS Common Stock Award $0 +62.8K +14.96% $0.00 482K Feb 9, 2023 Direct F1
transaction CTS Common Stock Tax liability -$1.22M -27.8K -5.77% $43.80 455K Feb 9, 2023 Direct
transaction CTS Common Stock Tax liability -$155K -3.39K -0.75% $45.66 451K Feb 10, 2023 Direct
transaction CTS Common Stock Award $0 +21.9K +4.86% $0.00 473K Feb 9, 2023 Direct F2
transaction CTS Common Stock Tax liability -$149K -3.26K -0.69% $45.66 470K Feb 11, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of 2020-2022 performance-based restricted stock units. This award was previously reported in February 2020 upon grant at target (33,326), so the Reporting Person's beneficial ownership is being increased by 29,460 shares to account for actual performance.
F2 Time-based restricted stock units vesting 1/3 annually.