Amit Walia - Apr 11, 2024 Form 4 Insider Report for Informatica Inc. (INFA)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Jason Cohen, Attorney-in-fact
Stock symbol
INFA
Transactions as of
Apr 11, 2024
Transactions value $
$0
Form type
4
Date filed
4/12/2024, 04:05 PM
Previous filing
Mar 21, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFA Class A Common Stock Options Exercise $0 +150K +5.28% $0.00 2.99M Apr 11, 2024 Direct F1, F2

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INFA Performance-based Restricted Stock Units Options Exercise $0 -150K -50% $0.00 150K Apr 11, 2024 Class A Common Stock 150K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs were acquired upon the determination of the Compensation Committee of the Board of Directors of the Issuer that certain performance goals were achieved with respect to Tranche 2 of performance awards granted to the Reporting Person on November 27, 2023 as described in Table II of this Form 4 and footnote (5) below. One sixth (1/6) of the RSUs subject to Tranche 2 of this award is scheduled to vest on May 15, 2024, and the remaining RSUs will vest quarterly thereafter through November 15, 2026.
F2 Includes previously reported RSUs.
F3 Each Performance-based Restricted Stock Unit ("PSU") represents one share of Class A Common stock.
F4 The Performance Period for the PSUs covers the period from the grant date through the 3rd anniversary of the grant date. The award vests for achievement of stock price targets using a 90-calendar day volume-weighted average price ("VWAP"), which must be achieved during the 3-year Performance Period. The award has 3 tranches: (1) Tranche 1 has a stock price target of $30.00 and consists of 300,000 shares; (2) Tranche 2 has a stock price target of $32.50 and consists of 150,000 shares; and (3) Tranche 3 has a stock price target of $35.00 and consists of 150,000 shares. In addition to the performance-based vesting requirements, the Reporting Person must remain in service with the Company over the Performance Period, in which case shares will vest quarterly over the Performance Period (but shares do not vest based only on continued service).