Jeff Benck - 22 Feb 2023 Form 4 Insider Report for BENCHMARK ELECTRONICS INC (BHE)

Role
President and CEO, Director
Signature
/s/ Jason Eastburn by Power of Attorney for Jeffrey W Benck
Issuer symbol
BHE
Transactions as of
22 Feb 2023
Net transactions value
-$1,050,656
Form type
4
Filing time
24 Feb 2023, 20:05:06 UTC
Previous filing
23 Feb 2023
Next filing
27 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHE Common Stock Options Exercise $0 +48,941 +19% $0.000000 306,903 22 Feb 2023 Direct F1
transaction BHE Common Stock Options Exercise $0 +51,002 +17% $0.000000 357,905 22 Feb 2023 Direct F2
transaction BHE Common Stock Tax liability $1,050,656 -43,326 -12% $24.25 314,579 22 Feb 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BHE Performance-based Restricted Stock Units Options Exercise $0 -48,941 -79% $0.000000 13,404 22 Feb 2023 Common Stock 48,941 $0.000000 Direct F1
transaction BHE Performance-based Restricted Stock Units Disposed to Issuer $0 -13,404 -100% $0.000000* 0 22 Feb 2023 Common Stock 13,404 $0.000000 Direct F1
transaction BHE Performance-based Restricted Stock Units Award $0 +20,407 +67% $0.000000 51,002 22 Feb 2023 Common Stock 20,407 $0.000000 Direct F2
transaction BHE Performance-based Restricted Stock Units Options Exercise $0 -51,002 -100% $0.000000* 0 22 Feb 2023 Common Stock 51,002 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on the Company performance during the three-year performance period ending December 31, 2022, approximately 78.5% of the performance-based restricted stock units vested (as previously disclosed the reporting person had the opportunity to earn up to 250% of the number originally reported).
F2 Based on the Company performance during the two-year performance period ending December 31, 2022, approximately 166.7% of the performance-based restricted stock units vested (as previously disclosed the reporting person had the opportunity to earn up to 250% of the number originally reported).
F3 These shares are being withheld to cover taxes related to the vesting of restricted stock units.