Todd R. Lachman - Jan 13, 2022 Form 4 Insider Report for Sovos Brands, Inc. (SOVO)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Isobel A. Jones, Attorney-in-Fact
Stock symbol
SOVO
Transactions as of
Jan 13, 2022
Transactions value $
$0
Form type
4
Date filed
1/18/2022, 05:01 PM
Previous filing
Sep 23, 2021
Next filing
Aug 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOVO Common Stock Award $0 +76K +3.08% $0.00 2.55M Jan 13, 2022 Direct F1, F2
holding SOVO Common Stock 477K Jan 13, 2022 By trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units subject to time-based vesting and the terms of the award agreement.
F2 Includes 14,381 restricted shares of common stock of the Issuer subject to time-based vesting and the Reporting Person's continued service with the Issuer, 741,460 restricted shares of common stock of the Issuer subject to performance-based vesting and the Reporting Person's continued service with the Issuer (a portion of which will vest on the last day of fiscal 2022 or the last day of fiscal 2023, if such performance goals are not earlier achieved), 356,039 restricted stock units subject to time-based vesting, and 280,000 restricted stock units subject to performance-based vesting, in each case, subject to the terms of the applicable award agreement.
F3 Includes 3,595 restricted shares of common stock of the Issuer subject to time-based vesting and 185,365 restricted shares of common stock of the Issuer subject to performance-based vesting, in each case, subject to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.