FLYNN MARK S 4
4 · VIRTUS INVESTMENT PARTNERS, INC. · Filed Feb 26, 2018
Insider Transaction Report
Form 4
FLYNN MARK S
EVP, Gen Counsel & CCO
Transactions
- Award
Common Stock
2018-02-22+2,718→ 11,324 total - Tax Payment
Common Stock
2018-02-22$122.00/sh−460$56,120→ 10,864 total
Footnotes (3)
- [F1]These shares comprise an award of restricted stock units ("RSUs") granted to the reporting person on February 22, 2017, pursuant to the Company's Omnibus Incentive and Equity Plan, subject to a performance condition which has been satisfied. Subject to acceleration in certain circumstances, the RSUs vest in equal installments on the first and second anniversary of the grant date.
- [F2]This number includes (i) 1,359 shares from the vesting of RSUs on February 22, 2018; (ii) 1,359 RSUs that are scheduled to vest on February 22, 2019; (iii) 1,142 RSUs that are scheduled to cliff vest on March 15, 2019 and; (iv) 800 RSUs that are scheduled to cliff vest on March 15, 2020. RSUs will be settled for shares of common stock on a one-for-one basis upon vesting.
- [F3]Exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of an RSU award.