Peter T. Thomas - Feb 28, 2022 Form 4 Insider Report for FERRO CORP (FOE)

Role: Chairman, President and CEO, Director
Signature: /s/ Richard Shuttie, Treasurer, by Power of Attorney
Stock symbol: FOE
Transactions as of: Feb 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/2/2022, 05:49 PM
Previous filing: Feb 23, 2022
Next filing: Apr 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FOE	Common Stock	Options Exercise		+9.23K	+0.56%		1.65M	Feb 28, 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		-9.23K	-100%		0	Feb 28, 2022	Common Stock	9.23K	$0.00	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 87,375 Performance Share Units of the original grant were forfeited.