Loudermilk Kyle Justin - Jun 14, 2022 Form 4 Insider Report for GSE SYSTEMS INC (GVP)

Role
Chief Executive Officer & Pres, Director
Signature
/s/ Kyle Justin Loudermilk
Stock symbol
GVP
Transactions as of
Jun 14, 2022
Transactions value $
$0
Form type
4
Date filed
6/16/2022, 05:17 PM
Previous filing
May 26, 2022
Next filing
Jul 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GVP Common Stock Award $0 +266K +39.03% $0.00 949K Jun 14, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Loudermilk and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 44,409 shares on June 30, 2022, nine installments of 22,204 shares on each of September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, September 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024, and September 30, 2024; and one installment of 22,214 shares on December 31, 2024.
F2 These restricted share units were granted to Mr. Loudermilk for his services as the Chief Executive Officer of the Issuer.