Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FRG FRGAP | Common Stock | Options Exercise | $0 | +31.2K | +94.25% | $0.00 | 64.4K | Nov 7, 2022 | Direct | F1, F2 |
transaction | FRG FRGAP | Common Stock | Tax liability | -$427K | -17.8K | -27.59% | $24.02* | 46.6K | Nov 7, 2022 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FRG FRGAP | Performance Restricted Stock Units | Options Exercise | $0 | -20.8K | -100% | $0.00* | 0 | Nov 7, 2022 | Common Stock | 20.8K | $0.00 | Direct | F2, F4 |
Id | Content |
---|---|
F1 | Represents the conversion upon vesting of performance restricted stock units ("PRSU") into common stock upon the achievement of pre-established performance metrics at 150% of the target number of units, as approved and certified by the Company's Compensation Committee. Upon conversion of the PRSUs, the Reporting Person received 31,249 shares of common stock. Such PRSUs were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on December 9, 2019. |
F2 | Each PRSU represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock. The resulting number of shares of common stock acquired upon vesting of the PRSU is measured as the absolute total share return of the price of Issuer's common stock over a three-year performance period commencing on September 30, 2019 and ending on September 30, 2022. The target number of units subject to the award is presented in Table II. The number of units that were subject to vesting ranged from 0% to 150% of the target number of units, based on achievement of performance targets. |
F3 | Reflects 17,766 shares withheld by Issuer at market price of $24.02 per share to fund the payment of taxes for the conversion |
F4 | Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the Issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date"). |