| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | EW | Common Stock | Options Exercise | $0 | +4.71K | +17.21% | $0.00 | 32.1K | May 7, 2023 | Direct | F1 |
| transaction | EW | Common Stock | Tax liability | -$191K | -2.15K | -6.72% | $88.74 | 29.9K | May 7, 2023 | Direct | |
| transaction | EW | Common Stock | Tax liability | -$122K | -1.38K | -4.6% | $88.74 | 28.5K | May 8, 2023 | Direct | |
| transaction | EW | Common Stock | Options Exercise | $2.66M | +75.6K | +264.98% | $35.20 | 104K | May 9, 2023 | Direct | F2 |
| transaction | EW | Common Stock | Sale | -$6.72M | -75.6K | -72.6% | $88.94 | 28.5K | May 9, 2023 | Direct | F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | EW | Performance Rights | Options Exercise | $0 | -4.71K | -78.47% | $0.00 | 1.29K | May 7, 2023 | Common Stock | 4.71K | Direct | F1 | |
| transaction | EW | Employee Stock Option (Right to Acquire) | Options Exercise | $0 | -75.6K | -100% | $0.00* | 0 | May 9, 2023 | Common Stock | 75.6K | $35.20 | Direct |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | On May 7, 2020, the Reporting Person was granted a target number of shares covered by restricted stock units with performance-based vesting requirements over a three-year performance period. On May 1, 2023, the Compensation Committee of the Board of Directors determined that 78.48% of the target number of shares would vest as of May 1, 2023, and the actual number of shares vested are reflected on this Form 4. |
| F2 | The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 6, 2023. |
| F3 | This transaction was executed in multiple trades at prices ranging from $88.35 to $89.14 The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. |
This Form 4 reflects changes in beneficial ownership only; it does not identify other securities of the Issuer beneficially owned by the Reporting Person.