James D. Reed - Feb 26, 2022 Form 4 Insider Report for USA TRUCK INC (USAK)

Signature
/s/ Zachary B. King, Attorney-in-Fact
Stock symbol
USAK
Transactions as of
Feb 26, 2022
Transactions value $
-$76,565
Form type
4
Date filed
3/1/2022, 06:13 PM
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USAK Common Stock Tax liability -$76.6K -3.12K -1.08% $24.54 285K Feb 26, 2022 Direct F1
transaction USAK Common Stock Disposed to Issuer $0 -22K -7.72% $0.00 263K Feb 27, 2022 Direct F2
transaction USAK Common Stock Award $0 +49.5K +18.85% $0.00 312K Feb 27, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares surrendered to the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to the reporting person.
F2 Represents the forfeiture of restricted stock subject to performance-based vesting originally granted to the reporting person on February 26, 2019, due to the issuer not achieving the established performance targets.
F3 Represent awards of restricted stock to the reporting person under the USA Truck, Inc. 2014 Omnibus Incentive Plan, as amended. Of the reported restricted stock, (i) 14,059 shares are subject to time-based vesting in four approximately equal annual installments beginning on the first anniversary of the grant date, (ii) 21,087 shares are subject to performance-based vesting at the conclusion of a three-year performance period ending December 31, 2024 and (iii) 14,350 shares are subject to performance-based vesting at the conclusion of a two-year performance period ending December 31, 2023. Vesting of the restricted shares is subject to continued employment and certain vesting, forfeiture and termination provisions.