Jason MacRae - Feb 28, 2023 Form 4 Insider Report for SUNPOWER CORP (SPWR)

Role
EVP, Financial Products
Signature
/s/ Bette Tsien, as attorney-in-fact for Jason MacRae
Stock symbol
SPWR
Transactions as of
Feb 28, 2023
Transactions value $
$0
Form type
4
Date filed
3/2/2023, 07:03 PM
Previous filing
Sep 7, 2022
Next filing
Mar 3, 2023

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 SPWR Restricted Stock Units (RSUs) Award $0 +45.5K $0.00 45.5K Feb 28, 2023 Common Stock 45.5K Direct F1, F2
transaction SPWR Performance Based Restricted Stock Units (PSUs) Award $0 +38.5K $0.00 38.5K Feb 28, 2023 Common Stock 38.5K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2 RSUs shall vest in four equal annual installments on each of March 1, 2024, March 1, 2025, March 1, 2026 and March 1, 2027.
F3 Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F4 On March 16, 2022, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on February 28, 2023 and, based on that assessment, determined the number of PSUs. The remaining PSUs will vest in four equal installments each on March 1, 2023, March 1, 2024, March 1, 2025 and March 1, 2026.