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 |
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 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. |