Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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)Shares withheld by Issuer to satisfy applicable withholding tax upon vesting of restricted stock units. ( 2 )The restricted stock units vested on February 20, 2024. ( 3 )On January 20, 2021, the reporting person received a grant of 25,779 restricted stock units, which vests as follows: (a) 25% on February 20, 2022, (b) 25% on February 20, 2023, (c) 25% on February 20, 2024 and (d) 25% on February 20, 2025, subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date. ( < /a>4 )On February 22, 2022, the reporting person received a grant of 56,072 restricted stock units, which vests as follows: (a) 25% on February 20, 2023 and (b) 6.25% quarterly thereafter, subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date. ( 5 )On March 3, 2023, the reporting person received a grant of 71,727 restricted stock units, which vests as follows: (a) 25% on February 20, 2024 and (b) 6.25% quarterly thereafter, subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date. ( 6 )On March 3, 2023, the reporting person received a grant of restricted stock units, eligible to vest subject to the achievement of certain performance criteria and the satisfaction of service conditions. On February 21, 2024, the Compensation Committee determined that the performance criteria was met, resulting in the reporting person earning 38,963 restricted stock units that shall vest upon satisfaction of the following service conditions: (a) one-third immediately vested upon certification by the Compensation Committee on February 21, 2024, (b) one-third on February 20, 2025 and (c) one-third on February 20, 2026, subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date. |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.