4//SEC Filing
NETZER LIOR 4
Accession 0000896841-22-000035
CIK 0000896841other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 9:29 PM ET
Size
21.6 KB
Accession
0000896841-22-000035
Insider Transaction Report
Form 4
NETZER LIOR
SVP & GM, Media & Cloud
Transactions
- Exercise/Conversion
Common Stock
2022-03-15$29.60/sh+4,597$136,071→ 53,500 total - Award
Performance Rights (Restricted Stock Units)
2022-03-16+10,320→ 10,320 totalExp: 2025-03-15→ Common Stock (10,320 underlying) - Award
Common Stock
2022-03-16+10,320→ 63,062 total - Tax Payment
Common Stock
2022-03-15$29.60/sh−2,036$60,266→ 48,903 total - Award
Common Stock
2022-03-15+2,299→ 55,799 total - Tax Payment
Common Stock
2022-03-15$29.60/sh−3,057$90,487→ 52,742 total - Exercise/Conversion
Performance Rights (Restricted Stock Units)
2022-03-15−4,597→ 9,196 totalExercise: $29.60From: 2022-03-15Exp: 2024-03-15→ Common Stock (4,597 underlying)
Footnotes (7)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 33.33% 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.
- [F2]Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
Issuer
AVID TECHNOLOGY, INC.
CIK 0000896841
Entity typeother
Related Parties
1- filerCIK 0001835548
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 9:29 PM ET
- Size
- 21.6 KB