Woeste Klaus 4
4 · GP STRATEGIES CORP · Filed Jan 6, 2021
Insider Transaction Report
Form 4
Woeste Klaus
Senior Vice President
Transactions
- Award
Common Stock
2021-01-04+11,302→ 67,322 total - Award
Common Stock
2021-01-04+4,216→ 71,538 total
Footnotes (2)
- [F1]Grant of performance-based restricted stock units under the Company's 2011 Stock Incentive Plan. The RSUs will vest on the third anniversary of the grant date if the volume weighted adjusted price per share of the Company's common stock exceeds certain levels for a period of 20 consecutive trading days during the performance period. A tranche of RSUs will vest at VWAP representing each of a 26%, 44%, and 73% increase over average VWAP of $11.95 over the 20 trading days preceding the grant date.
- [F2]Grant of restricted stock units under the Company's 2011 Stock Incentive Plan; the units vest 25% on each anniversary of the grant date provided that the individual's employment with the Corporation or its Affiliate (as defined in the 2011 Plan) is continuous from the date of grant through each of the vesting dates.