Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EMKR | Common Stock | Options Exercise | +7.7K | +15.68% | 56.8K | Apr 25, 2022 | Direct | F1, F2 | ||
transaction | EMKR | Common Stock | Tax liability | -$10.8K | -3.12K | -5.49% | $3.48 | 53.7K | Apr 25, 2022 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EMKR | Performance-Based Restricted Stock Units (PSUs) | Options Exercise | -20K | -10.08% | 178K | Apr 25, 2022 | Emcore Common Stock | 20K | Direct | F2, F4, F5 |
Id | Content |
---|---|
F1 | Represents shares of Issuer common stock subject to an award of performance-based restricted stock units ("PSUs") that vests based on the Issuer's total shareholder return ("TSR") compared to pre-established TSR goals, based on the TSR of the Russell Microcap Index, that were set by the Compensation Committee of the Board of Directors. The Compensation Committee determined on April 25, 2022 that the number of PSUs earned was 38.48% of the target number of PSUs subject to the second tranche of the award. |
F2 | The PSUs were awarded to the Reporting Person for no cash or other similar consideration. |
F3 | Represents the number of shares required to be withheld in accordance with Rule 16b-3 to cover the Reporting Person's tax withholding obligations in connection with the vesting of the PSUs reported herein. |
F4 | Each PSU represented a contingent right to receive one share of the Issuer's common stock, based on the Issuer's TSR compared to pre-established relative TSR goals, based on the TSR of the Russell Microcap Index, that were set by the Compensation Committee of the Board of Directors. The aggregate number of shares issued may range from zero (0) to 200% of the target number of shares granted. |
F5 | PSUs that become vested and nonforfeitable are paid in shares of Common Stock as soon as practicable following the vesting date. |