David P. Yeager - Dec 20, 2021 Form 4 Insider Report for Hub Group, Inc. (HUBG)

Role
Chairman & CEO, Director
Signature
/s/ David P. Yeager
Stock symbol
HUBG
Transactions as of
Dec 20, 2021
Transactions value $
-$1,387,476
Form type
4
Date filed
12/21/2021, 12:30 PM
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HUBG Class A Common Stock Award $0 +20K +5.98% $0.00 354K Dec 20, 2021 Direct F1
transaction HUBG Class A Common Stock Tax liability -$1.39M -17.7K -5% $78.30 337K Dec 20, 2021 Direct
holding HUBG Class A Common Stock 21.5K Dec 20, 2021 By Trust F3
holding HUBG Class B Common Stock 176K Dec 20, 2021 By Trust F2, F3
holding HUBG Class B Common Stock 51.6K Dec 20, 2021 By Trust F2, F3
holding HUBG Class B Common Stock 51.6K Dec 20, 2021 By Trust F2, F3
holding HUBG Class B Common Stock 51.6K Dec 20, 2021 By Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement of performance-based restricted stock in shares of common stock for the three-year performance period beginning January 1, 2019, which are exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d). The Compensation Committee of the Board of Directors of the issuer has certified performance for the full performance period and approved vesting of the award on December 20, 2021. On the vesting date, a total of 40,000 performance based restricted stock settled into shares of common stock, 20,000 of which were previously reported on the reporting person's Form 4 dated January 4, 2019.
F2 The Yeager family members are parties to stockholders' agreement pursuant to which they have agreed to vote all of their shares of Class B Common Stock in accordance with the vote of the holders of a majority of such shares, or in the event of a tie, as directed by the independent members of the Board of Directors. Members of the Yeager family own all 662,296 share of Class B Common Stock.
F3 The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.