Key facts
- This page summarizes John H. Rexford's Form 4 filing for Exela Technologies, Inc. (XELA).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Jun 2022, 21:46.
John H. Rexford - 31 May 2022 Form 4 Insider Report for Exela Technologies, Inc. (XELA)
- Reporting relationship
- Director
- Issuer ticker
- XELA
- Reported as of
- 31 May 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 02 Jun 2022, 21:46:25 UTC
- Prior SEC filing
- 26 May 2022
- Next SEC filing
- 08 Aug 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ John Rexford
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
John H. Rexford filed Form 4 for Exela Technologies, Inc. (XELA) on 02 Jun 2022.
Change
- Previous filing in this sequence was filed on 26 May 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
XELA
transaction
Common Stock, par value $0.0001 per share
Other
- Transaction value
- Shares
- -125,000
- Change %
- -100%
- Price
- Shares after
- 2
- Date
- 31 May 2022
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
XELA
transaction
Derivative
Restricted Stock Units
Other
- Transaction value
- Shares
- +125,000
- Change %
- Price
- Shares after
- 125,000
- Date
- 31 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 125,000
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On December 31, 2021, following the Company's 2021 annual meeting of stockholders, the reporting person was granted 125,000 restricted stock units as non-employee director equity compensation pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The restricted stock units vested on January 3, 2022, the first business day of 2022.
Footnote F2
Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock, which may be settled in shares of Common Stock or cash, as elected by the Compensation Committee of the Board of Directors of the Company. If the Company's Amended and Restated Stock 2018 Incentive Plan is not approved at the 2022 annual meeting, the restricted stock units will be settled in cash.
Footnote F3
On December 31, 2021, the reporting person was granted restricted stock units in accordance with the Company's Amended and Restated Stock 2018 Incentive Plan ("Plan") that were settled in January 2022. The Plan was approved by the stockholders of the Company at the Company's 2021 annual meeting held December 31, 2021. Subsequent to such approval, a lawsuit was filed against the Company alleging that the Company did not properly count the broker non-votes on such matter, and that as a result the Plan was not properly approved at the 2021 annual meeting. The Company decided to re-submit the Plan to its stockholders for re-approvals at its upcoming annual meeting rather than incurring the expense of pursuing litigation.
Footnote F4
In connection with the re-submission of the Plan, the delivery of shares under the Plan pursuant to the settlement of restricted stock units granted under the Plan on December 31, 2021 has been rescinded and the amendment and restatement of the 2018 Stock Incentive Plan has been terminated. The restricted stock units will be settled upon re-approval of the amended and restated Plan in either cash or shares of common stock, as will be determined by our Compensation Committee in its sole discretion, which is expected to occur at the 2022 annual meeting. If the Plan is not approved, the restricted stock units will be settled in cash.