SMITH JEAN 4
4 · COVANTA HOLDING CORP · Filed Sep 19, 2017
Insider Transaction Report
Form 4
SMITH JEAN
Director
Transactions
- Award
Restricted Stock Units
2017-09-15+1,375→ 2,065 total→ Common Stock, $.10 par value (1,375 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. The restricted stock units were issued to the reporting person pursuant to the Issuer's 2014 Equity Compensation Plan in lieu of quarterly retainer fees of $20,000 for the period beginning July 1, 2017 and ending September 30, 2017.
- [F2]The restricted stock units vest immediately. The vested restricted stock units will convert into shares of common stock on the date of the reporting person's separation from service from the Board of Directors.