Key facts
- This page summarizes Pugh Daniel Warren's Form 4 filing for GSE SYSTEMS INC.
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 07 Apr 2023, 16:26.
Pugh Daniel Warren - 05 Apr 2023 Form 4 Insider Report for GSE SYSTEMS INC
- Reporting relationship
- Chief Legal and Risk Officer
- Issuer ticker
- N/A
- Reported as of
- 05 Apr 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Apr 2023, 16:26:55 UTC
- Prior SEC filing
- 04 Apr 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Pugh Daniel Warren
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Pugh Daniel Warren filed Form 4 for GSE SYSTEMS INC on 07 Apr 2023.
Change
- Previous filing in this sequence was filed on 04 Apr 2023.
- 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 derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GVP
transaction
Derivative
Performance Rights
Award
- Transaction value
- $0
- Shares
- +38,250
- Change %
- Price
- $0.000000
- Shares after
- 38,250
- Date
- 05 Apr 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 38,250
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 1 footnote
Footnote F1
Each performance right (PR) is a contingent right to receive one share of Issuer Common Stock. PRs vest upon satisfaction of both a Service Condition (SC) and a Stock Price Performance Condition (SPPC). The SC is satisfied for sixteen dates (3/31/23, 6/30/23, 9/30/23, 12/31/23, 3/31/24, 6/30/24, 9/30/24, 12/31/24, 3/31/25, 6/30/25, 9/30/25, 12/31/25, 3/31/26, 6/30/26, 9/30/26, and 12/31/26) if the Issuer has continuously employed the reporting person through that SC date. 2,390 PRs will be eligible to vest on the first 15 SC dates if the SPPC also has been met, and 2,400 PRs will be eligible to vest on the final SC date if the SPPC also has been met. The SPPC requires the Volume Weighted Average Price of the Issuer's Common Stock as quoted on NASDAQ to be at least $1.50 measured over a 5 consecutive trading day period. If the SPPC is not met, then PRs eligible to vest due to satisfaction of a SC shall aggregate and vest upon any later satisfaction of the SPPC.