CORDINER TOM J. A. 4

Accession 0000896841-23-000036

CIK 0000896841other

View on SEC.gov Company Profile

Filed

Mar 16, 8:00 PM ET

Accepted

Mar 17, 5:14 PM ET

Size

39.1 KB

Accession

0000896841-23-000036

Insider Transaction Report

Form 4

Period: 2023-03-15

AVID TECHNOLOGY, INC.AVID

CORDINER TOM J. A.

SVP of Global Sales

Transactions

Tax Payment
Common Stock
2023-03-15$28.67/sh−2,258$64,737→ 187,928 total
Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+18,727$536,903→ 206,655 total
Award
Common Stock
2023-03-15+9,363→ 216,018 total
Tax Payment
Common Stock
2023-03-15$28.67/sh−13,548$388,421→ 202,470 total
Tax Payment
Common Stock
2023-03-15$28.67/sh−693$19,868→ 201,777 total
Award
Common Stock
2023-03-15+2,874→ 210,398 total
Tax Payment
Common Stock
2023-03-15$28.67/sh−4,158$119,210→ 206,240 total
Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+4,273$122,507→ 208,453 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−5,747→ 5,747 total
Exercise: $28.67From: 2023-03-15Exp: 2024-03-15→ Common Stock (5,747 underlying)
Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+5,747$164,766→ 207,524 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−4,273→ 8,547 total
Exercise: $28.67From: 2023-03-15Exp: 2025-03-15→ Common Stock (4,273 underlying)
Tax Payment
Common Stock
2023-03-16$29.29/sh−2,060$60,337→ 204,180 total
Tax Payment
Common Stock
2023-03-15$28.67/sh−2,061$59,089→ 206,392 total
Award
Common Stock
2023-03-15+15,259→ 221,651 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−18,727→ 0 total
Exercise: $28.67From: 2023-03-15Exp: 2023-03-15→ Common Stock (18,727 underlying)
Award
Performance Rights (Restricted Stock Units)
2023-03-15+15,259→ 15,259 total
Exp: 2026-03-15→ Common Stock (15,259 underlying)

Footnotes (14)

[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, 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 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.
[F11]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.
[F12]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.
[F13]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.
[F14]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.
[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, 2020 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 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, 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.
[F5]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, 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.
[F6]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.
[F7]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.
[F8]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.
[F9]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.

Documents

2 files

Issuer

AVID TECHNOLOGY, INC.

CIK 0000896841

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Entity typeother

Related Parties

filerCIK 0001742545

Filing Metadata

Form type: 4
Filed: Mar 16, 8:00 PM ET
Accepted: Mar 17, 5:14 PM ET
Size: 39.1 KB

View on SEC.gov