Tony S. Najjar - Aug 15, 2022 Form 4 Insider Report for CIRCOR INTERNATIONAL INC (CIR)

Role
President and CEO
Signature
/s/ Tanya Dawkins, attorney-in-fact
Stock symbol
CIR
Transactions as of
Aug 15, 2022
Transactions value $
$0
Form type
4
Date filed
8/17/2022, 12:48 PM
Previous filing
Apr 19, 2022
Next filing
Mar 21, 2023

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 CIR Restricted Stock Unit Award $0 +13.9K $0.00 13.9K Aug 15, 2022 Common Stock 13.9K $0.00 Direct F1
transaction CIR Restricted Stock Unit Award $0 +13.9K $0.00 13.9K Aug 15, 2022 Common Stock 13.9K $0.00 Direct F2
transaction CIR Restricted Stock Unit (MSP) Award $0 +2.04K $0.00 2.04K Aug 15, 2022 Common Stock 2.04K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock in equal installments of one-third of the original RSU grant on the anniversary of the grant date in Year 1 and on March 15, 2024 and March 15, 2025 in Years 2 and 3. The RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.
F2 The grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock at the end of a one year vesting period. The RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.
F3 This Restricted Stock Units (RSUs) grant is issued pursuant to a provision of the issuer Management Stock Purchase Plan (MSPP) whereby certain executives may make an advance election to receive RSUs in lieu of a specified percentage or dollar amount of that executives' annual incentive cash bonus under the bonus plan applicable to the executive. The RSUs are issued in whole units at a 33% discount from fair market value of the issuer's common stock on the grant date and generally vest 3 years from the date of the grant, at which time the RSUs convert into shares of common stock on a one-for-one basis unless the executive previously elected a longer deferral period.