Jack Hartung - Jan 1, 2024 Form 4 Insider Report for Honest Company, Inc. (HNST)

Role
Director
Signature
/s/ Brendan Sheehey, Attorney-in-Fact
Stock symbol
HNST
Transactions as of
Jan 1, 2024
Transactions value $
$69,881
Form type
4
Date filed
1/2/2024, 09:17 PM
Previous filing
May 26, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNST Common Stock Award $69.9K +28.3K +11.98% $2.47 264K Jan 1, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 2024. The RSUs vest in four installments: 7,073 RSUs on March 31, 2024, 7,073 RSUs on June 30, 2024, 7,073 RSUs on September 30, 2024 and 7,073 RSUs on December 31, 2024 and are payable in an equivalent number of shares of the Issuer's Common Stock. The reporting person 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 in control or (b) within 60 days following the reporting person's separation date or death, whichever is earlier.
F2 The number of shares of RSUs is equal to $70,000 divided by $2.47, 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 166,547 Restricted Stock Units which are payable in an equivalent number of shares of the Issuer's common stock.