Michael John Cramer - 17 Jan 2023 Form 4 Insider Report for Hostess Brands, Inc. (TWNK)

Role
Executive Vice President, Chief Administrative Officer and Assistant Secretary
Signature
/s/ Jolyn J. Sebree, Attorney-in-Fact
Issuer symbol
TWNK
Transactions as of
17 Jan 2023
Transactions value $
-$202,883
Form type
4
Filing time
19 Jan 2023, 17:01:41 UTC
Previous filing
13 May 2022
Next filing
26 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWNK Class A Common Stock, par value $0.0001 per share Award $0 +17.1K +39.49% $0.00 60.6K 17 Jan 2023 Direct F1
transaction TWNK Class A Common Stock, par value $0.0001 per share Tax liability -$158K -6.86K -11.33% $22.99 53.7K 19 Jan 2023 Direct F2
transaction TWNK Class A Common Stock, par value $0.0001 per share Tax liability -$45.2K -1.97K -3.39% $22.93 56.1K 19 Jan 2023 Direct F3
holding TWNK Class A Common Stock, par value $0.0001 per share 3K 17 Jan 2023 By Individual Retirement Account
holding TWNK Restricted Stock Units 9.37K 17 Jan 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired by the reporting person upon the achievement of performance measures under performance share units ("PSUs") granted under the Amended and Restated Hostess Brands, Inc.'s 2016 Equity Incentive Plan.
F2 On January 19, 2023, Hostess Brands, Inc. (the "Company") withheld 6,859 shares of Class A common stock to satisfy withholding taxes due in connection with the vesting of the PSUs referred to above. Such shares had a market value of $22.99 per share, the closing price of the Class A common stock on January 17, 2023, the date the Company's Talent & Compensation Committee certified the performance results.
F3 On January 19, 2023, the Company withheld 1,971 shares of Class A Common Stock to satisfy withholding taxes due in connection with the vesting of shares of Class A common stock underlying two awards of restricted stock units previously granted to the reporting person. Such shares had a market value of $22.93 per share, the closing price of the Class A common stock on January 13, 2023, the last trading date prior to vesting.
F4 Consists of previously disclosed restricted stock units that remained subject to time-based vesting criteria.

Remarks:

Executive Vice President, Chief Administrative Officer and Assistant Secretary