Arjun Sharma - Aug 15, 2023 Form 4 Insider Report for CIRCOR INTERNATIONAL INC (CIR)

Role: CFO and SVP Bus Development
Signature: Paul Caron, their attorney in fact
Stock symbol: CIR
Transactions as of: Aug 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/15/2023, 04:00 PM
Previous filing: Mar 28, 2023
Next filing: Oct 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIR	Common Stock	Options Exercise		+3.71K	+8.17%		49.1K	Aug 15, 2023	Direct	F1
transaction	CIR	Common Stock	Tax liability		-1.65K	-3.37%		47.4K	Aug 15, 2023	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	CIR	Restricted Stock Unit	Options Exercise	$0	-3.71K	-33.33%	$0.00	7.42K	Aug 15, 2023	Common Stock	3.71K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units (RSUs), the conversion of which are reported herein, were granted to the Reporting Person by the issuer as part of equity incentive grants made by the issuer on 8/15/2022 utilizing a fair market value (FMV) of a share of the issuers stock of $19.74. The RSU grant vests in equal installments of one-third on the anniversary of the grant date in Year 1 and on March 15, 2024 and March 15, 2025 in Years 2 and 3, and are received by the Reporting Person upon vesting, on a one-for-one basis. This report reflects the vesting of one-third portion of the original RSU grant and the acquisition by the Reporting Person of the underlying shares minus sufficient shares withheld to pay applicable income taxes.

Content

The Restricted Stock Units (RSUs), the conversion of which are reported herein, were granted to the Reporting Person by the issuer as part of equity incentive grants made by the issuer on 8/15/2022 utilizing a fair market value (FMV) of a share of the issuers stock of $19.74. The RSU grant vests in equal installments of one-third on the anniversary of the grant date in Year 1 and on March 15, 2024 and March 15, 2025 in Years 2 and 3, and are received by the Reporting Person upon vesting, on a one-for-one basis. This report reflects the vesting of one-third portion of the original RSU grant and the acquisition by the Reporting Person of the underlying shares minus sufficient shares withheld to pay applicable income taxes.