Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | HNST | Common Stock | Award | $65K | +22.5K | +20.87% | $2.89 | 130K | Jan 1, 2023 | Direct | F1, F2, F3 |
Id | Content |
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F1 | Pursuant to the Issuer's Non-Employee Director Compensation Policy, directors may elect to receive an award of restricted stock units (RSUs) in lieu of an annual cash retainer for their service on the board. In accordance with the reporting person's election, the reporting person was issued the RSUs for the fiscal year 2023. The RSUs vest in four installments: 5,626 RSUs on March 31, 2023, 5,626 RSUs on June 30, 2023, 5,626 RSUs on September 30, 2023 and 5,626 RSUs on December 31, 2023 and are payable in an equivalent number of shares of the Issuer's Common Stock. The Issuer made a deferral election to settle these RSUs in a single lump sum installment in whole shares on the earlier of (a) immediately prior to a change of control or (b) within 60 days following the reporting party's separation date or death, whichever is earlier. |
F2 | The number of shares of RSUs is equal to $65,000 divided by $2.89, the average of the closing price of the Issuer's common stock on the Nasdaq Global Select Market for the 30 days prior to the date of grant. |
F3 | Includes 119,734 RSUs which are payable in an equivalent number of shares of the Issuer's common stock. |