Mark T. Behrman - Jan 20, 2022 Form 4 Insider Report for LSB INDUSTRIES INC (LXU)

Signature
/s/ Mark T. Behrman
Stock symbol
LXU
Transactions as of
Jan 20, 2022
Transactions value $
$763,721
Form type
4
Date filed
1/24/2022, 05:16 PM
Previous filing
Jan 3, 2022
Next filing
Mar 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LXU Common Stock Award $1.84M +178K +10.08% $10.35 1.94M Jan 20, 2022 Direct F1
transaction LXU Common Stock Tax liability -$720K -73.1K -3.76% $9.85 1.87M Jan 21, 2022 Direct F2
transaction LXU Common Stock Tax liability -$358K -36.3K -1.94% $9.85 1.83M Jan 21, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSU") awarded pursuant to the LSB Industries, Inc. 2016 Incentive Stock Plan (as amended). Fifty percent of the RSU grant is time-based and fifty percent is performance-based. For the time-based awards, one-third of the award will vest on the first anniversary of the grant date, and each subsequent anniversary, such that 100% of the time based RSU award shall be vested on the third anniversary of the grant date. The performance-based RSUs granted under this award will vest on the third anniversary of the grant date subject to the achievement of certain performance metrics established by the Board of Directors as set out in the grant. Upon third anniversary grant may be modified in a range between 0 and 200% based upon achievement of the performance goals.
F2 Shares withheld to pay taxes upon vesting of Restricted Stock Award previously awarded pursuant to the LSB Industries, Inc. 2016 Long Term Incentive Plan.