Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ASPS | Common Stock | Tax liability | -$22.3K | -6.29K | -0.9% | $3.54 | 696K | Jan 2, 2024 | William B. Shepro Revocable Trust | F3 |
transaction | ASPS | Common Stock | Award | $47.5K | +13.3K | +1.94% | $3.56 | 702K | Jan 2, 2024 | William B. Shepro Revocable Trust | F1, F2 |
Id | Content |
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F1 | As part of a company-wide cost reduction plan, Mr. Shepro has volunteered to temporarily modify his compensation effective November 1, 2023 by offering the Company the option to replace up to 30% of his base compensation with a grant of unrestricted ASPS common stock (the "Adjustment"). On December 31, 2023, and at the end of each subsequent calendar quarter (each a "Period"), as long as the Adjustment is in place, the Company will determine the portion of the reduced amount to be paid in common stock based on the lower of the average closing stock price for the Period and the closing stock price on the day immediately preceding the grant and transfer the applicable shares. Mr. Shepro or the Company may, upon written notice, reduce or terminate the Adjustment. For the Period ending December 31, 2023, Mr. Shepro received 13,348 shares, which vest immediately. |
F2 | Represents the cost per share for the temporary compensation replacement noted in Footnote 1. Given that it was a replacement for compensation, the net cost of the shares was $0. |
F3 | Of the 13,348 shares granted to Mr. Shepro, reported above, 6,293 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 7,055 shares. The price per share used to determine the tax withholdings was the opening price of ASPS common stock on the grant date. |