Mr. Alok Maskara - 06 Jun 2022 Form 4 Insider Report for LUXFER HOLDINGS PLC (LXFR)

Role
Other*
Signature
/s/ Megan E. Glise under Power of Attorney for Alok Maskara
Issuer symbol
LXFR
Transactions as of
06 Jun 2022
Net transactions value
-$478,958
Form type
4
Filing time
08 Jun 2022, 20:24:54 UTC
Previous filing
11 May 2022
Next filing
12 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LXFR Ordinary Shares Options Exercise +6,201 +2.4% 265,751 06 Jun 2022 Direct F1
transaction LXFR Ordinary Shares Options Exercise +7,560 +2.8% 273,311 06 Jun 2022 Direct F1
transaction LXFR Ordinary Shares Options Exercise +5,842 +2.1% 279,153 06 Jun 2022 Direct F1
transaction LXFR Ordinary Shares Options Exercise +4,770 +1.7% 283,923 06 Jun 2022 Direct F1
transaction LXFR Ordinary Shares Options Exercise +8,948 +3.2% 292,871 06 Jun 2022 Direct F1
transaction LXFR Ordinary Shares Options Exercise +15,142 +5.2% 308,013 06 Jun 2022 Direct F1
transaction LXFR Ordinary Shares Options Exercise +9,600 +3.1% 317,613 06 Jun 2022 Direct F1
transaction LXFR Ordinary Shares Tax liability $478,958 -29,312 -9.2% $16.34 288,301 06 Jun 2022 Direct

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 LXFR Restricted Stock Units Options Exercise -6,201 -34% 12,000 06 Jun 2022 Ordinary Shares 6,201 Direct F1, F2
transaction LXFR Restricted Stock Units Options Exercise -7,560 -25% 22,500 06 Jun 2022 Ordinary Shares 7,560 Direct F1, F3
transaction LXFR Restricted Stock Units Options Exercise -5,842 -100% 0 06 Jun 2022 Ordinary Shares 5,842 Direct F1, F4
transaction LXFR Restricted Stock Units Options Exercise -4,770 -100% 0 06 Jun 2022 Ordinary Shares 4,770 Direct F1, F5
transaction LXFR Restricted Stock Units Options Exercise -8,948 -52% 8,350 06 Jun 2022 Ordinary Shares 8,948 Direct F1, F6
transaction LXFR Restricted Stock Units Options Exercise -15,142 -100% 0 06 Jun 2022 Ordinary Shares 15,142 Direct F1, F7
transaction LXFR Restricted Stock Units Options Exercise -9,600 -33% 19,200 06 Jun 2022 Ordinary Shares 9,600 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mr. Alok Maskara is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert 1 for 1, subject to a nominal payment of $1.00 per Ordinary Share.
F2 The remaining Restricted Stock Units would normally vest in three equal annual installments on March 15, 2023, 2024, and 2025. In accordance with the Reporting Person's employment contract and arrangements made with respect to the Reporting Person's termination of employment with the Issuer, the remaining Restricted Stock Units will be forfeited and lapse. The amount above includes 201 additional Restricted Stock Units accrued through June 6, 2022 related to dividend reinvestment rights.
F3 The Restricted Stock Units would normally vest in four equal annual installments beginning on March 14, 2023. In accordance with the Reporting Person's employment contract and arrangements made with respect to the Reporting Person's termination of employment with the Issuer, the remaining Restricted Stock Units will be forfeited and lapse. The amount above includes 60 Restricted Stock Units accrued through June 6, 2022 related to dividend reinvestment rights.
F4 The remaining Restricted Stock Units would normally vest on March 14, 2023. In accordance with the Reporting Person's employment contract and arrangements made with respect to the Reporting Person's termination of employment with the Issuer, the Restricted Stock Units are fully vested. The amount above includes 542 additional Restricted Stock Units accrued through June 6, 2022 related to dividend reinvestment rights.
F5 Represents the vesting of the remaining performance-based Restricted Stock Units (at 50% target) awarded on March 14, 2019. The performance-based Restricted Stock Units vested upon the achievement of relative Total Shareholder Return (TSR) goals for the three-year performance period ended December 31, 2021. The performance-based Restricted Stock Units would normally vest on March 14, 2023 but fully vested on June 6, 2022 in accordance with the Reporting Person's employment contract and arrangements made with respect to the Reporting Person's termination of employment with the Issuer.
F6 The remaining Restricted Stock Units would normally vest in two equal annual installments on March 14, 2023 and March 14, 2024. In accordance with the Reporting Person's employment contract and arrangements made with respect to the Reporting Person's termination of employment with the Issuer, the remaining Restricted Stock Units will be forfeited and lapse. The amount above includes 598 additional Restricted Stock Units accrued through June 6, 2022 related to dividend reinvestment rights.
F7 Represents the vesting of performance-based Restricted Stock Units awarded on March 13, 2020. The performance-based Restricted Stock Units vested upon the achievement of relative Total Shareholder Return (TSR) goals for the pro-rated performance period in accordance with the Reporting Person's employment contract and arrangements made with respect to the Reporting Person's termination of employment with the Issuer.
F8 Represents the vesting of performance-based Restricted Stock Units awarded on March 15, 2021. The performance-based Restricted Stock Units vested upon the achievement of an adjusted diluted EPS performance metric for the performance period ended December 31, 2021. The performance-based Restricted Stock Units normally vest in three equal annual installments beginning on March 14, 2023. The remaining performance-based Restricted Stock Units will be forfeited and lapse in accordance with the Reporting Person's employment contract and arrangements made with respect to the Reporting Person's termination of employment with the Issuer.

Remarks:

The Reporting Person left employment with the Issuer, effective May 5, 2022, and is no longer serving as the Chief Executive Officer and a Director of the Issuer. This Form 4 is being filed as a voluntary exit Form 4, indicating that the Reporting Person is no longer subject to Section 16 reporting with respect to the the Issuer unless otherwise required by the Securities Exchange Act of 1934, as amended.