AULET WILLIAM K 4
4 · MITEK SYSTEMS INC · Filed Nov 17, 2020
Insider Transaction Report
Form 4
AULET WILLIAM K
Director
Transactions
- Award
Common Stock
2020-11-16+2,836→ 94,529 total
Footnotes (1)
- [F1]Represents restricted stock units granted on November 16, 2020. Shares subject to the award vest on March 3, 2021. Currently, the Company provides its outside directors with $125,000 in annual equity compensation which generally is granted in November of each year. This year, in order to better align each Director's equity compensation with their annual term of service, the Company will make a pro-rata equity grant of $37,000, which is intended to compensate each director for the period beginning November 16, 2020 and ending March 3, 2021 (the anticipated date of our annual stockholder meeting date). Following the annual stockholder meeting, the Company will then resume it's normal equity granting practice, with the vesting term to commence upon election to the board at such meeting and ending upon the next year's annual meeting date.