Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | KRYS | Common Stock | Options Exercise | $0 | +12.5K | +0.77% | $0.00 | 1.64M | Feb 28, 2024 | Direct | F1 |
transaction | KRYS | Common Stock | Tax liability | -$943K | -5.79K | -0.35% | $163.08 | 1.64M | Feb 28, 2024 | Direct | F2, F3 |
transaction | KRYS | Common Stock | Options Exercise | $0 | +7.5K | +0.48% | $0.00 | 1.58M | Feb 28, 2024 | By Spouse | F4, F5, F6 |
transaction | KRYS | Common Stock | Tax liability | -$566K | -3.47K | -0.22% | $163.08 | 1.58M | Feb 28, 2024 | By Spouse | F3, F5, F6, F7 |
holding | KRYS | Common Stock | 90K | Feb 28, 2024 | By Krishnan Spousal Trust | ||||||
holding | KRYS | Common Stock | 50K | Feb 28, 2024 | By Krishnan Family Trust | F8 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | KRYS | Performance Stock Units | Options Exercise | $0 | -12.5K | -50% | $0.00 | 12.5K | Feb 28, 2024 | Common Stock | 12.5K | Direct | F9, F10 | |
transaction | KRYS | Restricted Stock Units | Award | $0 | +35K | $0.00 | 35K | Feb 29, 2024 | Common Stock | 35K | Direct | F11, F12, F13 | ||
transaction | KRYS | Performance Stock Units | Award | $0 | +52.5K | $0.00 | 52.5K | Feb 29, 2024 | Common Stock | 52.5K | Direct | F14, F15, F16, F17 |
Id | Content |
---|---|
F1 | 25,000 performance stock units ("PSUs") were granted on February 28, 2023. Each PSU represented a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2023, as approved by the Company's Compensation Committee, and the Reporting Person's continued service to the Company on each applicable vesting date following such achievement. All of the performance criteria were achieved and one-half of the PSUs granted, or 12,500 PSUs, vested on February 28, 2024. |
F2 | Represents number of shares of common stock surrendered to the Company for tax withholding upon the vesting of 12,500 PSUs on February 28, 2024. |
F3 | The closing price on February 28, 2024 of the Company's common stock on NASDAQ. |
F4 | 15,000 PSUs were granted on February 28, 2023, to the Reporting Person's spouse, Suma M. Krishnan. Each PSU represented a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2023, as approved by the Company's Compensation Committee, and the Reporting Person's spouse continued service to the Company on each applicable vesting date following such achievement. All of the performance criteria were achieved and one-half of the PSUs granted, or 7,500 PSUs, vested on February 28, 2024. |
F5 | These same shares are also being reported on a Form 4 by the Reporting Person's spouse, Suma M. Krishnan. |
F6 | Directly beneficially owned by Suma M. Krishnan, the spouse of the Reporting Person. |
F7 | Represents the number of shares of common stock surrendered by the Reporting Person's spouse, Suma M. Krishnan, to the Company for tax withholding upon the vesting of 7,500 PSUs on February 28, 2024. |
F8 | Directly beneficially owned by the Krishnan Family Trust. The Reporting Person and his spouse are each joint beneficial owners of the trust with joint voting and investment control. |
F9 | Each PSU represented a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2023, as approved by the Company's Compensation Committee, and the Reporting Person's continued service to the Company on each applicable vesting date following such achievement. All of the performance criteria were achieved and one-half of the PSUs granted, or 12,500 PSUs, vested on February 28, 2024. |
F10 | The PSUs vest ratably over a two-year period with the first installment vesting on February 28, 2024. |
F11 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock, subject to the Reporting Person's continued service to the Company on each applicable vesting date. |
F12 | The number of RSUs in this column represents the number of shares of common stock the Reporting Person will receive assuming the Reporting Person's continued service to the Company on all applicable vesting dates. |
F13 | The RSUs vest in four equal annual installments with the first installment vesting on February 28, 2025. |
F14 | Each PSU represents a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2024, as approved by the Company's Compensation Committee, and the Reporting Person's continued service to the Company on each applicable vesting date following such achievement. |
F15 | The number of PSUs in this column represents the number of shares of common stock the Reporting Person will receive assuming achievement of all of the performance criteria set by the Company's Compensation Committee for this PSU award and full vesting of this PSU award. |
F16 | If any applicable portion of the performance criteria have been achieved, the PSU award shall vest in two equal annual installments (February 28, 2025 and February 28, 2026). |
F17 | If some or all of the performance criteria are not achieved, the applicable portion of the PSU award will be forfeited. |