| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | INSE | Restricted Stock Units | Disposed to Issuer | $0 | -85,000 | -34% | $0.000000 | 165,000 | 21 Jun 2021 | Common Stock | 85,000 | Direct | F1, F2, F3 | |
| transaction | INSE | Performance Restricted Stock Units | Disposed to Issuer | $0 | -62,500 | -25% | $0.000000 | 187,500 | 21 Jun 2021 | Common Stock | 62,500 | Direct | F1, F2, F4 | |
| transaction | INSE | Stock Price Restricted Stock Units | Award | $0 | +147,500 | +59% | $0.000000 | 397,500 | 21 Jun 2021 | Common Stock | 147,500 | Direct | F1, F2, F5 |
| Id | Content |
|---|---|
| F1 | Special sign-on equity awards were initially reported on a Form 4 on May 12, 2021 and this Form 4 reflects modifications to those awards as a result of an amendment dated June 21, 2021 to Mr. Weil's employment agreement with the Issuer dated October 9, 2020 (the "Modification"). In accordance with the Modification, a portion of the awards reflected in the prior Form 4 (85,000 restricted stock units and 62,500 performance restricted stock units) (an aggregate of 147,500 units) were converted to stock price restricted stock units as of June 21, 2021. The units were granted under the Issuer's 2021 Omnibus Incentive Plan ("2021 Plan") and are subject to deferred settlement such that units that satisfy applicable vesting conditions would not settle until termination of Mr. Weil's services or, if earlier, upon a change in control as specified in the 2021 Plan. |
| F2 | Each unit represents a contingent right to receive one share of common stock at settlement. |
| F3 | In accordance with the Modification, reflects the cancellation of 85,000 restricted stock units originally granted on May 11, 2021. The remaining units covered by the award are scheduled to vest in two installments: 80,000 units on December 31, 2023 and 85,000 units on December 31, 2024. |
| F4 | In accordance with the Modification, reflects the cancellation of 62,500 performance restricted stock units originally granted on May 11, 2021. The remaining units covered by the award are conditioned on attainment of pre-established performance criteria for the years 2022 through 2024. |
| F5 | In accordance with the Modification, reflects the issuance of 147,500 stock price restricted stock units subject to the following price targets -- 50,000 units at $15.00, 50,000 units at $17.50 and 47,500 units at $20.00. Such units are incremental to the 250,000 stock price restricted stock units originally granted on May 11, 2021 subject to the following price targets - 80,000 units at $6.25 (such target has been met), 85,000 units at $8.25 (such target has been met) and 85,000 units at $15.00. |