Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WT | Performance Based Restricted Stock Units | Options Exercise | $0 | -158K | -100% | $0.00 | 0 | Jan 27, 2025 | Common Stock | 158K | Direct | F1, F2, F5 |
Id | Content |
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F1 | Each performance-based restricted stock unit ("PRSU") represented the right to receive, on the vesting date, one share of common stock for each such unit that vested. |
F2 | Includes the reinvestment of dividend equivalents into 8,302 PRSUs between the grant date and vesting date. |
F3 | Includes restricted stock awards vesting as to (i) 155,950 shares on January 25, 2026, (ii) 90,787 shares on January 25, 2027 and (iii) 35,941 shares on January 25, 2028. |
F4 | Shares withheld by the Issuer upon vesting of PRSUs to cover withholding taxes. |
F5 | These PRSUs were granted by the Issuer on January 25, 2022 and vested on January 25, 2025. The ultimate number of shares that could have vested was between 0 and 200% of the previously reported target number of PRSUs based on the total shareholder return ("TSR") of the Issuer's common stock relative to the respective TSRs of the stocks of a peer group of companies, each measured over a 3-year period from the grant date ("Relative TSR"). Based on a report issued by an independent valuation specialist and certified by the Issuer's compensation committee on January 27, 2025, the Relative TSR measured in the 92nd percentile, resulting in the vesting of 200% of the target number of PRSUs. |