Wright Paul Aubrey 4
4 · TAUBMAN CENTERS INC · Filed Mar 12, 2020
Insider Transaction Report
Form 4
Wright Paul Aubrey
EVP, Global Head of Leasing
Transactions
- Tax Payment
Common Stock
2020-03-11$52.06/sh−535$27,852→ 15,159 total - Award
Common Stock
2020-03-11+1,297→ 15,694 total
Footnotes (1)
- [F1]Performance share units (PSU) were granted to the reporting person pursuant to The Taubman Company 2008 Omnibus Long-Term Incentive Plan, as amended. Each PSU represents a contingent right to receive, upon vesting, shares of the Company's common stock ranging from 0-300% of the PSU based on the Company's total shareholder return relative to that of a peer group, plus a cash payment equal to the aggregate cash dividends that would have been paid on such shares of common stock from the date of grant of the award to the vesting date. The PSU vested on March 1, 2020 with a payout ratio of 52%, which was certified by the Company's Compensation Committee on March 11, 2020.