Daniel R. Chard - 14 Feb 2024 Form 4 Insider Report for MEDIFAST INC (MED)

Signature
/s/ Jason L. Groves, attorney-in-fact
Issuer symbol
MED
Transactions as of
14 Feb 2024
Net transactions value
-$288,212
Form type
4
Filing time
16 Feb 2024, 17:52:53 UTC
Previous filing
01 May 2023
Next filing
15 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MED Common Stock Award $0 +16,486 +35% $0.000000 63,614 14 Feb 2024 Direct F1
transaction MED Common Stock Tax liability $288,212 -5,471 -8.6% $52.68 58,143 14 Feb 2024 Direct
holding MED Common Stock 108,598 14 Feb 2024 The Dan and Allyson Family Irrevocable Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 8,243 Performance Stock Units were granted on March 17, 2021, and vested on December 31, 2023 and converted into common stock on a two-for-one basis due to the achievement of certain performance factors. The Compensation Committee of the Medifast Board of Directors approved the performance factors on February 14, 2024 and the shares were released on February 14, 2024.
F2 These shares are directly owned by The Dan and Allyson Family Irrevocable Trust, for which the reporting person is the Settlor of the Trust and Investment Trustee.