Johnston David Michael 4
4 · PPD, Inc. · Filed Feb 21, 2020
Insider Transaction Report
Form 4
PPD, Inc.PPD
Johnston David Michael
See Remarks
Transactions
- Award
Stock Options (Right to Buy)
2020-02-19+31,566→ 230,930 totalExercise: $10.59Exp: 2027-05-11→ Common Stock (31,566 underlying)
Footnotes (2)
- [F1]Represents previously awarded stock options earned upon the achievement of certain EBITDA vesting conditions for fiscal 2019.
- [F2]Represents 31,566 vested stock options and 199,364 unvested stock options which are eligible to vest upon the achievement of certain return on capital or rate of return conditions three years after the initial public offering of the Issuer or earlier, upon certain sales by significant stockholders. Does not include an additional 69,777 stock options with an exercise price of $10.59 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal years 2020-2021.