Key facts
- This page summarizes David Thomson's Form 4 filing for MANNKIND CORP (MNKD).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 24 May 2023, 21:00.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Award
Tax liability
Sale
Additional SEC filing notes
Footnote F1
A previously reported restricted stock unit award granted on August 27, 2020 vested on May 22, 2023 upon the achievement of performance objectives established by MannKind's compensation committee at the time of the approval of the award. Specifically, (i) the closing price of MannKind's common stock on May 22, 2023 was not less than the closing price on August 27, 2020 and (ii) the percentile ranking of MannKind's total shareholder return (TSR) over the period from August 27, 2020 to May 22, 2023 relative to the TSR of the Russell 3000 Pharmaceutical & Biotechnology Index over the same period was greater than the 90th percentile. As a result, the performance objective was achieved at 300% of target, resulting in a total share delivery of 600,000 shares. The acquisition of 200,000 shares pursuant to the restricted stock award was reported in Table I of the Form 4 filed by the Reporting Person on August 31, 2020.
Footnote F2
Shares withheld to satisfy the tax liability incident to the vesting of previously reported restricted stock units.
Footnote F3
Transaction occurred pursuant to Rule 10B5-1 Plan.