Richard S. Lindahl - Feb 28, 2022 Form 4 Insider Report for Emergent BioSolutions Inc. (EBS)

Role
EVP, Chief Financial Officer
Signature
/s/ S. Scott Lieberman, Attorney-in-fact
Stock symbol
EBS
Transactions as of
Feb 28, 2022
Transactions value $
$1,567,491
Form type
4
Date filed
3/2/2022, 05:46 PM
Previous filing
Feb 25, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EBS Common Stock Award $0 +31.4K +82.77% $0.00 69.4K Mar 1, 2022 Direct F1
transaction EBS Common Stock Award $0 +16.9K +24.38% $0.00 86.3K Mar 1, 2022 Direct F2
transaction EBS Common Stock Tax liability -$32.4K -818 -0.95% $39.64* 85.5K Feb 28, 2022 Direct F3

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 EBS Employee Stock Options (Right to Buy) Award $1.6M +38.7K $41.38* 38.7K Mar 1, 2022 Common Stock 38.7K $41.38 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units granted under the company's Stock Incentive Plan. These restricted stock units vest either in three equal annual installments beginning on the day prior to the first anniversary of the date of grant (9,667 shares) or on the day prior to the second anniversary date of the grant (21,750 shares), assuming continued service with the company. Each restricted stock unit represents the right of the Reporting Person to receive one share of common stock of Emergent BioSolutions Inc., subject to adjustment as provided in the grant agreement.
F2 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 EBITDA as a percentage of total GAAP revenue calculated on a cumulative basis over the three-year period beginning January 1, 2022 and ending December 31, 2024, as certified by the Compensation Committee following the performance period. The amount reported is based on the target performance payout factor, or 100%.
F3 Represents shares of common stock withheld by the Company in exchange for payment of the employee's withholding taxes.
F4 Vests in three equal installments beginning on the day prior to the anniversary date of the grant.