Jason R. Vanderbrink - Dec 15, 2023 Form 4 Insider Report for Vista Outdoor Inc. (VSTO)

Signature
/s/ Jeffrey Ehrich, attorney-in-fact
Stock symbol
VSTO
Transactions as of
Dec 15, 2023
Transactions value $
-$327,430
Form type
4
Date filed
12/19/2023, 06:19 PM
Previous filing
Sep 5, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSTO Common Stock Tax liability -$327K -11.2K -5.52% $29.24 192K Dec 15, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to pay taxes applicable to the vesting of restricted stock units.
F2 In connection with the transactions contemplated by the Agreement and Plan of Merger, dated as of October 15, 2023, by and among the Issuer, CSG Elevate II Inc. and the other parties thereto, the Management Development and Compensation Committee of the Board of Directors of the Issuer accelerated the vesting of certain RSU awards in connection with tax-planning actions to mitigate adverse tax consequences of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended.
F3 Includes restricted stock units subject to certain vesting periods and other restrictions under the Issuer's 2020 Stock Incentive Plan.