Benjamin Schlater - 28 Feb 2022 Form 4 Insider Report for FERRO CORP (FOE)

Role
Chief Financial Officer
Signature
/s/ Richard Shuttie, Treasurer, by Power of Attorney
Issuer symbol
FOE
Transactions as of
28 Feb 2022
Net transactions value
$0
Form type
4
Filing time
02 Mar 2022, 17:49:18 UTC
Previous filing
23 Feb 2022
Next filing
21 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOE Common Stock Options Exercise +1,976 +4% 51,338 28 Feb 2022 Direct F1

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 FOE Performance Share Unit Options Exercise -1,976 -100% 0 28 Feb 2022 Common Stock 1,976 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. At the end of the performance period, 50% of award is paid in common shares free of restrictions, and 50% is paid in cash. If the final amount is less than 100% of the share units, the balance is forfeited to the company.
F2 Remaining 18,724 Performance Share Units of the original grant were forfeited.