Mary L. Frontczak - 15 Oct 2023 Form 4 Insider Report for COMPASS MINERALS INTERNATIONAL INC (CMP)

Role
Chief Legal & Admin. Officer
Signature
/s/ Robert B. Porter, Attorney-in-Fact
Issuer symbol
CMP
Transactions as of
15 Oct 2023
Net transactions value
-$53,640
Form type
4
Filing time
17 Oct 2023, 17:31:33 UTC
Previous filing
18 Jan 2023
Next filing
17 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMP Common Stock Options Exercise $0 +4,365 +42% $0.000000 14,648 15 Oct 2023 Direct
transaction CMP Common Stock Tax liability $53,640 -1,967 -13% $27.27 12,681 15 Oct 2023 Direct F1

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 CMP Restricted Stock Unit Award $0 +21,999 $0.000000 21,999 15 Oct 2023 Common Stock 21,999 Direct F2, F3
transaction CMP Restricted Stock Unit Options Exercise $0 -1,160 -50% $0.000000 1,160 15 Oct 2023 Common Stock 1,160 Direct F4, F5
transaction CMP Restricted Stock Unit Options Exercise $0 -3,205 -33% $0.000000 6,411 15 Oct 2023 Common Stock 3,205 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares sold to satisfy tax withholding obligations on the vesting and release of the restricted stock units.
F2 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
F3 Restricted stock units vest in three equal annual installments, beginning on the first anniversary of the grant date and ending on October 15, 2026.
F4 Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. A performance hurdle tied to the Issuer's fiscal year 2022 financial performance was satisfied.
F5 The first and second tranche of these restricted stock units vested on November 14, 2022 (the date the Compensation Committee certified achievement of the performance hurdle) and October 15, 2023, respectively. The remaining tranche will vest on October 15, 2024.
F6 Restricted stock units vest in three equal annual installments, beginning on the first anniversary of the grant date and ending on October 15, 2025.