Steven R. Boal - Jun 29, 2022 Form 4 Insider Report for Quotient Technology Inc. (QUOT)

Role
Director
Signature
/s/ John Platz, Attorney-in-Fact for Steven R. Boal
Stock symbol
QUOT
Transactions as of
Jun 29, 2022
Transactions value $
-$1,825,244
Form type
4
Date filed
7/1/2022, 04:46 PM
Previous filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QUOT Common Stock Award $0 +178K +5.44% $0.00 3.45M Jun 29, 2022 Direct F1
transaction QUOT Common Stock Tax liability -$277K -88.2K -2.56% $3.14 3.36M Jun 29, 2022 Direct F2
transaction QUOT Common Stock Tax liability -$600K -191K -5.68% $3.14 3.17M Jun 29, 2022 Direct F3
transaction QUOT Common Stock Tax liability -$44K -14K -0.44% $3.14 3.16M Jun 29, 2022 Direct F4
transaction QUOT Common Stock Tax liability -$152K -48.5K -1.54% $3.14 3.11M Jun 29, 2022 Direct F5
transaction QUOT Common Stock Tax liability -$190K -60.6K -1.95% $3.14 3.05M Jun 29, 2022 Direct F6
transaction QUOT Common Stock Tax liability -$562K -179K -5.88% $3.14 2.87M Jun 29, 2022 Direct F7
holding QUOT Common Stock 3.24K Jun 29, 2022 By Child Trust F8
holding QUOT Common Stock 3.24K Jun 29, 2022 By Child Trust F9
holding QUOT Common Stock 3.24K Jun 29, 2022 By Child Trust F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steven R. Boal is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares received upon the 100% vesting and settlement of a performance-based restricted stock unit award granted on March 1, 2021 (the "PSU award"). The PSU award was granted per the terms of the Issuer's Long-Term Incentive Program and vested at 100% of the target level on the Reporting Person's last day of employment with the Issuer pursuant to the Separation Agreement and Release between the Reporting Person and the Issuer, dated May 16, 2022 (the "Separation Agreement"), a copy of which will be filed as an exhibit to the Issuer's quarterly report on Form 10-Q for the fiscal quarter ending June 30, 2022, and a description of which is set forth in the Issuer's report filed on Form 8-K with the Securities and Exchange Commission on May 20, 2022.
F2 Represents the number of shares withheld by and surrendered to the Issuer on June 29, 2022, to satisfy tax withholding obligations that arose in connection with the accelerated vesting at 100% of the target level of the PSU award granted on March 1, 2021. The PSU award was for 177,809 shares at 100% of the target level.
F3 Represents the number of shares withheld by and surrendered to the Issuer on June 29, 2022, to satisfy tax withholding obligations that arose in connection with the accelerated vesting at 100% of the target level of the PSU award granted on March 1, 2022. The PSU award was for 385,208 shares at 100% of the target level.
F4 Represents the number of shares withheld by and surrendered to the Issuer on June 29, 2022, to satisfy tax withholding obligations that arose in connection with the accelerated vesting in full of the restricted stock unit award (the "RSU award") granted on March 1, 2019. The RSU award was for 150,602 shares in total.
F5 Represents the number of shares withheld by and surrendered to the Issuer on June 29, 2022, to satisfy tax withholding obligations that arose in connection with the accelerated vesting in full of the RSU award granted on March 1, 2020. The RSU award was for 223,463 shares in total.
F6 Represents the number of shares withheld by and surrendered to the Issuer on June 29, 2022, to satisfy tax withholding obligations that arose in connection with the accelerated vesting in full of the RSU award granted on March 1, 2021. The RSU award was for 177,809 shares in total.
F7 Represents the number of shares withheld by and surrendered to the Issuer on June 29, 2022, to satisfy tax withholding obligations that arose in connection with the accelerated vesting in full of the RSU award granted on March 1, 2022. The RSU award was for 385,208 shares in total.
F8 These shares are held directly by Stuart Schiff TTEE of the EBB 2011 Trust dated September 23, 2011.
F9 These shares are held directly by Stuart Schiff TTEE of the JMB 2011 Trust dated September 23, 2011.
F10 These shares are held directly by Stuart Schiff TTEE of the SEB 2011 Trust dated September 23, 2011.