Varner Leo William Jr. 4
4 · Select Interior Concepts, Inc. · Filed Jun 10, 2020
Insider Transaction Report
Form 4
Varner Leo William Jr.
Chief Executive Officer
Transactions
- Award
Class A Common Stock
2020-06-08+500,000→ 500,000 total - Purchase
Class A Common Stock
2020-06-10$4.26/sh+25,000$106,500→ 525,000 total - Award
Restricted Stock Units
2020-06-08+500,000→ 500,000 totalExercise: $0.00Exp: 2024-06-08→ Class A Common Stock (500,000 underlying)
Footnotes (2)
- [F1]Reflects restricted stock units convertible into shares of Class A Common Stock that were granted as an employment inducement award pursuant to Nasdaq rules on June 8, 2020, which vest in equal installments annually over four years, provided the Reporting Person remains employed by the Issuer through the applicable vesting date.
- [F2]Reflects performance-based RSUs that each represent a contingent right to receive one share of Class A Common Stock. The RSUs vest on the third and fourth anniversaries of the grant date based on the closing price of the Issuer's common stock exceeding specific hurdles for 20 consecutive trading days, and subject to the Reporting Person's continued employment with the Issuer.