Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MED | Common Stock | Award | $0 | +6.6K | +114.05% | $0.00 | 12.4K | Jun 20, 2024 | Direct | F1 |
transaction | MED | Common Stock | Award | $126K | +5.58K | +45.08% | $22.66 | 18K | Jun 20, 2024 | Direct | F2, F3 |
holding | MED | Common Stock | 4.23K | Jun 20, 2024 | Jeffrey Brown Living Trust | F4 |
Id | Content |
---|---|
F1 | 6,596 restricted stock units were granted under the Medifast, Inc. Director's Deferred Compensation Plan, as Amended and Restated (the "Plan"), in connection with the payment of the reporting person's annual director fees. Each unit represents the right to receive one share of the Issuer's common stock. These awards are granted from the Issuer's 2012 Share Incentive Plan and will vest in full on June 20, 2025. |
F2 | The reporting person elected, pursuant to the Plan, to receive shares of the Issuer's common stock in lieu of cash compensation for annual service as a non-employee director of the Issuer. |
F3 | This price per share of $22.66 is based on the 20-day moving average stock price of the Issuer's common stock as of June 18, 2024. |
F4 | These shares are directly owned by Jeffrey Brown Living Trust, for which the reporting person is the sole trustee and sole beneficiary. |