Christopher J. Progler - Dec 31, 2021 Form 4 Insider Report for PHOTRONICS INC (PLAB)

Role
EVP, Chief Technology Officer
Signature
/s/Richelle E. Burr, attorney-in-fact for Christopher J. Progler
Stock symbol
PLAB
Transactions as of
Dec 31, 2021
Transactions value $
-$285,482
Form type
4
Date filed
1/4/2022, 08:03 PM
Previous filing
Dec 28, 2021
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLAB Common Stock Options Exercise $79.7K +9K +6.93% $8.86 139K Dec 31, 2021 Direct
transaction PLAB Common Stock Sale -$171K -9K -6.48% $19.00 130K Dec 31, 2021 Direct F1, F2
transaction PLAB Common Stock Tax liability -$59.3K -3.15K -2.42% $18.85 127K Jan 3, 2022 Direct F3
transaction PLAB Common Stock Tax liability -$66.4K -3.44K -2.72% $19.28 123K Jan 3, 2022 Direct F4
transaction PLAB Common Stock Tax liability -$68.5K -3.63K -2.95% $18.85 120K Jan 3, 2022 Direct F5
transaction PLAB Common Stock Award $0 +40K +33.45% $0.00 160K Jan 3, 2022 Direct F6

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 PLAB Stock Options (Right to Buy) Options Exercise $0 -9K -48.16% $0.00 9.69K Dec 31, 2021 Common Stock 9K $8.86 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by Dr. Progler.
F2 Net proceeds of sale to fund children's education and offset a tax liability from Restricted Stock Vesting.
F3 Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 2, 2019.
F4 Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 3, 2020.
F5 Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 2, 2021.
F6 25% of the Restricted Stock Awards granted will vest on each anniversary date of the grant over 4 years.