4//SEC Filing
Riley Kevin W. 4
Accession 0000896841-23-000033
CIK 0000896841other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 5:13 PM ET
Size
28.8 KB
Accession
0000896841-23-000033
Insider Transaction Report
Form 4
Riley Kevin W.
Chief Technology Officer
Transactions
- Tax Payment
Common Stock
2023-03-15$28.67/sh−1,894$54,301→ 46,865 total - Award
Common Stock
2023-03-15+15,259→ 62,124 total - Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−4,598→ 9,195 totalExercise: $28.67From: 2022-03-15Exp: 2024-03-15→ Common Stock (4,598 underlying) - Award
Performance Rights (Restricted Stock Units)
2023-03-15+15,259→ 15,259 totalExp: 2026-03-15→ Common Stock (15,259 underlying) - Tax Payment
Common Stock
2023-03-15$28.67/sh−570$16,342→ 42,599 total - Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+4,598$131,825→ 47,197 total - Award
Common Stock
2023-03-15+2,299→ 49,496 total - Tax Payment
Common Stock
2023-03-15$28.67/sh−3,117$89,364→ 46,379 total - Tax Payment
Common Stock
2023-03-16$29.29/sh−1,893$55,446→ 44,486 total - Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+4,273$122,507→ 48,759 total - Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−4,273→ 8,547 totalExercise: $28.67From: 2023-03-15Exp: 2025-03-15→ Common Stock (4,273 underlying)
Footnotes (9)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2023 of 8.33% 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]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, 2023. 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, 2021 to March 15, 2023. 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, 2023 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.
- [F5]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 16, 2023 of 33.32% of the restricted stock units awarded on March 16, 2022. 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 awarded on March 16, 2022 based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2022 to March 15, 2023. 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 shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2023 of the performance-based restricted stock units awarded on March 16, 2022. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
- [F8]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 15, 2023, 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.
- [F9]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 2024, 2025 and 2026. 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 0001615890
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 5:13 PM ET
- Size
- 28.8 KB