ATUL SARAN - 22 Feb 2022 Form 4 Insider Report for Emergent BioSolutions Inc. (EBS)

Role: EVP, Corp Dev, GC & Secretary
Signature: /s/ S. Scott Lieberman, Attorney-in-fact
Issuer symbol: EBS
Transactions as of: 22 Feb 2022
Net transactions value: -$88,007
Form type: 4
Filing time: 24 Feb 2022, 17:51:38 UTC
Next filing: 25 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBS	Common Stock	Award	$0	+1,836	+4.1%	$0.000000	46,596	22 Feb 2022	Direct	F1
transaction	EBS	Common Stock	Tax liability	$88,007	-2,084	-4.5%	$42.23	44,512	22 Feb 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of performance stock units granted under the Emergent BioSolutions Inc. Stock Incentive Plan. Each PSU represents a right to receive one share of common stock. The PSUs vest upon achievement with respect to adjusted net income as a percentage of total GAAP revenue for the 2021 fiscal year, as certified by the Compensation Committee following the performance period. On February 22, 2022, the final certification date, the Compensation Committee certified the achievement of the 2019-2021 PSUs at a payout factor of 136.14% of target resulting in the actual award of 6,917 shares of common stock, which is in excess of the 5,081 shares previously reported on February 28, 2019.
F2	Represents shares of common stock withheld to pay taxes.

Content

Consists of performance stock units granted under the Emergent BioSolutions Inc. Stock Incentive Plan. Each PSU represents a right to receive one share of common stock. The PSUs vest upon achievement with respect to adjusted net income as a percentage of total GAAP revenue for the 2021 fiscal year, as certified by the Compensation Committee following the performance period. On February 22, 2022, the final certification date, the Compensation Committee certified the achievement of the 2019-2021 PSUs at a payout factor of 136.14% of target resulting in the actual award of 6,917 shares of common stock, which is in excess of the 5,081 shares previously reported on February 28, 2019.

Represents shares of common stock withheld to pay taxes.