Mark Hugo Duesenberg - 28 Feb 2022 Form 4 Insider Report for FERRO CORP

Role: General Counsel
Signature: /s/ Richard Shuttie, Treasurer, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 28 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2022, 17:49:24 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		+1,613	+1.1%		154,909	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		-1,613	-100%		0	28 Feb 2022	Common Stock	1,613	$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 15,287 Performance Share Units of the original grant were forfeited.