Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BTRS | Class 1 Common Stock | Award | $0 | +2.28K | +9.86% | $0.00 | 25.4K | Oct 1, 2021 | Direct | F1 |
Id | Content |
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F1 | The Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2020 Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class 1 Common Stock. In accordance with the Non-Employee Director Compensation Policy, the RSUs became fully vested on the date of grant. The shares of Class 1 Common Stock to be received for each vested RSU are subject to a Lock-Up Agreement (the Lock-Up) until October 4, 2021. The terms of the Lock-Up permit the vesting of RSUs by the Reporting Person, and the shares of Class 1 Common Stock to be issued as a result of the vesting of the RSUs are subject to the terms of the Lock-Up. |