Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SCU | Class A Shares | Options Exercise | $0 | +14.3K | +9.75% | $0.00 | 161K | Jan 1, 2023 | Direct | F1, F2 |
transaction | SCU | Class A Shares | Disposed to Issuer | -$124K | -14.3K | -8.88% | $8.66 | 146K | Jan 1, 2023 | Direct | F2 |
transaction | SCU | Class A Shares | Tax liability | -$17.7K | -2.05K | -1.4% | $8.66 | 144K | Jan 1, 2023 | Direct | F3, F4, F5, F6 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SCU | Class A Restricted Share Units | Options Exercise | $0 | -14.3K | -33.34% | $0.00 | 28.5K | Jan 1, 2023 | Class A Shares | 14.3K | Direct | F2, F7 |
Id | Content |
---|---|
F1 | The amount shown represents the vesting of the Class A Restricted Share Units held by the Reporting Person. |
F2 | Represents Class A Restricted Share Units settled in cash by the Issuer. |
F3 | Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of Class A Restricted Shares. |
F4 | Includes 103,500 of Class A Restricted Shares, which is subject to both a service condition, vesting 1/3 on each of December 17, 2024, December 17, 2025 and December 17, 2026 (the "Service Condition") and a performance condition, vesting when total shareholder return (based on the closing price on the New York Stock Exchange of a Class A Share of the Issuer, and dividends paid thereon, following the grant date) equals or exceeds the Performance Thresholds, as defined below, for a period of 60 calendar days (the "Performance Condition"). The Performance Thresholds are as follows: 1/3 of Class A Restricted Shares vest if a total shareholder return of 25% is achieved; an additional 1/3 of Class A Restricted Shares vest if a total shareholder return of 39% is achieved; and the final 1/3 of Class A Restricted Shares vest if a total shareholder return of 53% is achieved, in each case based on a reference price of $24 per Class A Share. |
F5 | If a Class A Restricted Share described in the footnote above has not satisfied the Performance Condition by the seventh anniversary of the grant date, it will be forfeited and canceled immediately. |
F6 | Includes 28,518 of Class A Restricted Shares granted on January 31, 2022. The remaining Class A Restricted Shares vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025. |
F7 | The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2022. The remaining Class A Restricted Share Units vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025. |