Darryl Patrick Riley - Jan 13, 2022 Form 4 Insider Report for Hostess Brands, Inc. (TWNK)

Role
Senior Vice President, Quality/Food Safety and R&D
Signature
/s/ Jolyn J Sebree, Attorney-in-Fact
Stock symbol
TWNK
Transactions as of
Jan 13, 2022
Transactions value $
-$166,691
Form type
4
Date filed
1/18/2022, 05:29 PM
Next filing
Jan 25, 2022

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 +18.2K +74.16% $0.00 42.7K Jan 13, 2022 Direct F1
transaction TWNK Class A Common Stock, par value $0.0001 per share Tax liability -$146K -7.37K -17.25% $19.83 35.4K Jan 18, 2022 Direct F2
transaction TWNK Class A Common Stock, par value $0.0001 per share Tax liability -$20.5K -1.02K -2.7% $20.22 36.6K Jan 18, 2022 Direct F3
holding TWNK Restricted Stock Units 13.8K Jan 13, 2022 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 Hostess Brands, Inc.'s 2016 Equity Incentive Plan.
F2 On January 18, 2022, Hostess Brands, Inc. (the "Company") withheld 7,370 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 $19.83 per share, the closing price of the Class A common stock on January 13, 2022, the date the Company's Talent & Compensation Committee certified the performance results.
F3 On January 18, 2022, the Company withheld 1,016 shares of Class A common stock to satisfy withholding taxes due in connection with the vesting of one-third of the shares of Class A common stock underlying an award of restricted stock units previously granted to the reporting person. Such shares had a market value of $20.22 per share, the closing price of the Class A common stock on January 11, 2022, the vesting date.
F4 Consists of previously disclosed restricted stock units that remained subject to time-based vesting criteria.

Remarks:

Senior Vice President, Quality/Food Safety and R&D