Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PIPR | Common Stock | Award | $0 | +8.7K | +21.79% | $0.00 | 48.6K | Feb 24, 2023 | Direct | F1 |
transaction | PIPR | Common Stock | Tax liability | $0 | -3.42K | -7.04% | $0.00 | 45.2K | Feb 24, 2023 | Direct | |
holding | PIPR | Common Stock | 25.7K | Feb 24, 2023 | By Spouse as sole Trustee and Beneficiary for Irrevocable Trust | F2 | |||||
holding | PIPR | Common Stock | 25.7K | Feb 24, 2023 | By Irrevocable Trust | F3 |
Id | Content |
---|---|
F1 | Each performance share unit represented a contingent right to receive one share of PIPR common stock. The performance share units vested 140% overall, with 150% vesting based on attaining certain levels of adjusted return on equity and 130% vesting based on relative total shareholder return within a group of peer companies, both as measured from January 1, 2020 through December 31, 2022. |
F2 | The shares are held in an irrevocable trust for the benefit of the reporting person's spouse. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |
F3 | The shares are held in an irrevocable trust for the benefit of the reporting person. The reporting person is trustee of the trust. |