Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PARAA | Class B common stock | Options Exercise | $0 | +18.9K | +68.65% | $0.00 | 46.4K | Dec 16, 2022 | Direct | F1 |
transaction | PARAA | Class B common stock | Tax liability | -$167K | -9.63K | -20.78% | $17.31 | 36.7K | Dec 16, 2022 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PARAA | Restricted Share Units | Options Exercise | -18.9K | -50% | 18.9K | Dec 16, 2022 | Class B common stock | 18.9K | Direct | F1, F3 |
Id | Content |
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F1 | The shares identified in Table I were issued on December 16, 2022 upon vesting of the third of four equal annual installments of the Restricted Share Units ("RSUs") identified in Table II, which were initially granted on December 16, 2019, pursuant to the terms of Ms. Phillips's employment agreement and letter agreement, each dated as of December 2, 2019. On December 16, 2022, the closing price of the Class B common stock on The NASDAQ Global Select Market was $17.31 per share. |
F2 | These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs, and were not actually sold or otherwise disposed of in an open-market transaction. |
F3 | Granted under the Issuer's long-term incentive plan for no consideration. |