Elliott Thomas C 4
4 · Resource REIT, Inc. · Filed Feb 1, 2021
Insider Transaction Report
Form 4
Elliott Thomas C
See Remarks
Transactions
- Tax Payment
Common Stock
2021-01-28−34,565.84→ 34,687.87 total - Award
Common Stock
2021-01-28+69,253.71→ 69,253.71 total
Footnotes (2)
- [F1]Reflects the assumption of restricted stock awards granted under the 2020 Long-Term Incentive Plan (the "2020 LTIP") of Resource Real Estate Opportunity REIT, Inc. ("REIT I"), which was assumed and adjusted by the Issuer to become awards with respect to the common stock of the Issuer, par value $0.01 per share, at the effective time of REIT I's merger with and into Revolution I Merger Sub, LLC, an indirect subsidiary of the Issuer (the "Merger"). These shares, which represent 40% of the total number of shares granted under the 2020 LTIP, vested upon the consummation of the Merger. An additional 103,880.57 shares, which represent the remaining 60% of the total number of shares granted under the 2020 LTIP, will vest upon a liquidity event so long as the Reporting Person remains continuously employed through such vesting date.
- [F2]There is no established market for shares of Resource REIT Common Stock. On March 19, 2020, the board of directors of the Issuer approved an estimated value per share of Resource REIT Common Stock of $9.08. For a full description of the methodologies used to calculate the Issuer's estimated value per share as of December 31, 2019, see Part II, Item 5, "Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities - Market Information" its Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission on March 20, 2020.