Robert Kramer - 28 Feb 2022 Form 4 Insider Report for Emergent BioSolutions Inc. (EBS)

Signature
/s/ S. Scott Lieberman, Attorney-in-fact
Issuer symbol
EBS
Transactions as of
28 Feb 2022
Net transactions value
+$5,531,973
Form type
4
Filing time
02 Mar 2022, 18:25:49 UTC
Previous filing
25 Feb 2022
Next filing
10 Feb 2023

Key filing fact

Robert Kramer filed Form 4 for Emergent BioSolutions Inc. (EBS) on 02 Mar 2022.

Key facts

  • This page summarizes Robert Kramer's Form 4 filing for Emergent BioSolutions Inc. (EBS).
  • 4 reported transactions and 1 derivative row are listed below.
  • Filing timestamp: 02 Mar 2022, 18:25.

Change

  • Previous filing in this sequence was filed on 25 Feb 2022.
  • Current net transaction value: +$5,531,973.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

EBS transaction

Common Stock

Award

Transaction value
$0
Shares
+33,833
Change %
+21%
Price
$0.000000
Shares after
193,102
Date
01 Mar 2022
Ownership
Direct
Footnotes
F1
EBS transaction

Common Stock

Award

Transaction value
$0
Shares
+55,582
Change %
+29%
Price
$0.000000
Shares after
248,684
Date
01 Mar 2022
Ownership
Direct
Footnotes
F2
EBS transaction

Common Stock

Tax liability

Transaction value
$67,983
Shares
-1,715
Change %
-0.69%
Price
$39.64
Shares after
246,969
Date
28 Feb 2022
Ownership
Direct
Footnotes
F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

EBS transaction Derivative

Employee Stock Options (Right to Buy)

Award

Transaction value
$5,599,955
Shares
+135,330
Change %
Price
$41.38
Shares after
135,330
Date
01 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
135,330
Exercise price
$41.38
Footnotes
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 in three equal annual installments beginning on the day prior to the first anniversary of the date of grant, 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.
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