David E. Ball - Sep 6, 2022 Form 4 Insider Report for AVANOS MEDICAL, INC. (AVNS)

Role
SVP - Global Supply Chain
Signature
/s/ Mojirade James, as attorney-in-fact for David E. Ball
Stock symbol
AVNS
Transactions as of
Sep 6, 2022
Transactions value $
-$79,893
Form type
4
Date filed
9/8/2022, 05:11 PM
Previous filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVNS Common Stock Tax liability -$48.1K -2.02K -14.41% $23.87 12K Sep 6, 2022 Direct F1, F2
transaction AVNS Common Stock Tax liability -$17.5K -733 -6.12% $23.87 11.2K Sep 6, 2022 Direct F3
transaction AVNS Common Stock Tax liability -$14.3K -599 -5.33% $23.87 10.6K Sep 6, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon the accelerated vesting of certain time-based restricted stock units ("TRSUs") granted to the Reporting Person on May 7, 2020. Pursuant to the terms of the Retention Incentive Agreement dated as of May 20, 2022 by and between the Issuer and the Reporting Person (the "Retention Incentive Agreement"), certain of the TRSUs granted to the Reporting Person on May 7, 2020, March 17, 2021 and March 4, 2022 vested upon the termination of the Reporting Person's employment with the Issuer on September 6, 2022.
F2 Reflects the forfeiture of a total of 13,586 unvested TRSUs on September 6, 2022. Pursuant to the terms of the Retention Incentive Agreement, all the TRSUs granted on May 7, 2020, March 17, 2021 and March 4, 2022 that did not vest on September 6, 2022 as described in footnote 1 were forfeited. Such forfeited TRSUs were previously reported as beneficially owned in the Form 4s filed by the Reporting Person.
F3 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon the accelerated vesting, pursuant to the terms of the Retention Incentive Agreement, of certain TRSUs granted to the Reporting Person on March 17, 2021, as described in footnote 1.
F4 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon the accelerated vesting, pursuant to the terms of the Retention Incentive Agreement, of certain TRSUs granted to the Reporting Person on March 4, 2022, as described in footnote 1.