Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PL | Class A Common Stock | Award | +50K | +3.84% | 1.35M | Sep 7, 2023 | Direct | F1, F2 | ||
transaction | PL | Class A Common Stock | Tax liability | -$53.3K | -17.3K | -1.28% | $3.08 | 1.33M | Sep 7, 2023 | Direct | F2, F3 |
Id | Content |
---|---|
F1 | Represents shares of issuer's Class A Common Stock acquired upon the vesting of performance restricted stock units ("PSUs") that were received in lieu of the reporting person's cash bonus earned for the first half of fiscal year ending January 31, 2024 ("H1") under the issuer's Amended & Restated Annual Cash Incentive Plan. The reporting person elected to convert such cash bonus into PSUs representing 100% of the earned cash bonus amount for H1. |
F2 | Includes 1,228,167 restricted stock units ("RSUs") that vest in equal quarterly installments on the 15th of March, June, September and December. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date. |
F3 | No shares were sold by the reporting person. This transaction represents shares of issuer's Class A Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of PSUs. |