BROWN GARRARD 4

Accession 0000896841-22-000031

CIK 0000896841other

View on SEC.gov Company Profile

Filed

Mar 15, 8:00 PM ET

Accepted

Mar 16, 9:28 PM ET

Size

30.8 KB

Accession

0000896841-22-000031

Insider Transaction Report

Form 4

Period: 2022-03-15

AVID TECHNOLOGY, INC.AVID

BROWN GARRARD

Chief Accounting OfficerOther

Transactions

Tax Payment
Common Stock
2022-03-15$29.60/sh−630$18,648→ 35,894 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−849$25,130→ 39,524 total
Award
Common Stock
2022-03-15+958→ 42,397 total
Award
Common Stock
2022-03-16+4,006→ 45,130 total
Award
Common Stock
2022-03-15+2,675→ 43,919 total
Exercise/Conversion
Common Stock
2022-03-15$29.60/sh+5,350$158,360→ 41,244 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−3,546$104,962→ 40,373 total
Exercise/Conversion
Common Stock
2022-03-15$29.60/sh+1,915$56,684→ 41,439 total
Tax Payment
Common Stock
2022-03-15$29.60/sh−1,273$37,681→ 41,124 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2022-03-15−5,350→ 5,351 total
Exercise: $29.60From: 2022-03-15Exp: 2023-03-15→ Common Stock (5,350 underlying)
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2022-03-15−1,915→ 3,832 total
Exercise: $29.60From: 2022-03-15Exp: 2024-03-15→ Common Stock (1,915 underlying)
Award
Performance Rights (Restricted Stock Units)
2022-03-16+4,006→ 4,006 total
Exp: 2025-03-15→ Common Stock (4,006 underlying)

Footnotes (10)

[F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 8.34% of the restricted stock units awarded on March 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F10]Represents an award of restricted stock units which vest on a performance-based schedule based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index in 2023, 2024 and 2025. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for the withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F2]Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2020 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F3]Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2020 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F4]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of the performance-based restricted stock units awarded on March 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F5]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 33.32% of the restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F6]Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2021 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F7]Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2021 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F8]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of the performance-based restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F9]Represents an award of restricted stock units that will vest on a time-based vesting schedule as follows: 33.33% on the first anniversary of the grant date of March 16, 2022, and the remaining 66.66% in equal 8.33% installments every 3 months thereafter, provided the reporting person continues to be employed by the Issuer on each such vesting date. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.

Documents

2 files

Issuer

AVID TECHNOLOGY, INC.

CIK 0000896841

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Entity typeother

Related Parties

filerCIK 0001793288

Filing Metadata

Form type: 4
Filed: Mar 15, 8:00 PM ET
Accepted: Mar 16, 9:28 PM ET
Size: 30.8 KB

View on SEC.gov