John Paul Roehm - Sep 15, 2022 Form 4 Insider Report for Infrastructure & Energy Alternatives, Inc. (IEA)

Role
President and CEO, Director
Signature
/s/ John Paul Roehm
Stock symbol
IEA
Transactions as of
Sep 15, 2022
Transactions value $
-$2,236,346
Form type
4
Date filed
9/19/2022, 05:15 PM
Previous filing
Jun 6, 2022
Next filing
Oct 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IEA Common Stock, par value $0.0001 per share Exercise of in-the-money or at-the-money derivative security $1.91M +184K +27% $10.37 866K Sep 15, 2022 Direct F1
transaction IEA Common Stock, par value $0.0001 per share Tax liability -$2.24M -155K -17.93% $14.41 711K Sep 15, 2022 Direct F1, F2
holding IEA Common Stock, par value $0.0001 per share 638K Sep 15, 2022 Roehm Living Trust F3

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 IEA Option to purchase Common Stock, par value $0.0001 Exercise of in-the-money or at-the-money derivative security -$1.91M -184K -100% $10.37 0 Sep 15, 2022 Common Stock, par value $0.0001 per share 184K $10.37 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 155,194 shares withheld by issuer at the market price of $14.41 per share less an exercise price of $10.37 per share to fund the cashless exercise of 184,049 stock options and to cover the associated tax liability.
F2 Represents 458,513 shares of Common Stock, 157,476 restricted stock units and 94,590 performance stock units that are subject to forfeiture and vesting.
F3 Held by Roehm Living Trust.
F4 All of the shares subject to this option are fully vested and exercisable as of the date hereof.