MCCOMISH CHRISTOPHER J. 4
4 · CHEMICAL FINANCIAL CORP · Filed Feb 27, 2019
Insider Transaction Report
Form 4
Transactions
- Award
Restricted Stock Service-Based Units
2019-02-25+3,773→ 3,773 total→ Common Stock (3,773 underlying) - Award
Restricted Stock Performance Units
2019-02-25+6,280→ 6,280 total→ Common Stock (6,280 underlying)
Footnotes (2)
- [F1]Award of restricted stock performance units pursuant to the Chemical Financial Corporation Stock Incentive Plan of 2017. Restricted stock units under this award are convertible into shares of common stock based on the attainment by the Company of certain financial performance criteria in the year ending December 31, 2021 and the reporting person's satisfaction of the service requirement in February 2022. Restricted stock performance units under this award are reported assuming shares of common stock will be issuable on a 1-for-1 basis, but restricted stock performance units may be convertible on a basis ranging from 0.5-for-1 to 1.5-for-1 depending on the actual performance of the Company.
- [F2]Award of restricted stock service-based units pursuant to the Chemical Financial Corporation Stock Incentive Plan of 2017. Restricted stock units under this award are convertible into shares of common stock on a 1-for-1 basis in five equal annual installments beginning on February 25, 2020. Dividend equivalents will accrue under this award.