4//SEC Filing
Baron Julie A. 4
Accession 0000899243-21-013944
CIK 0001801754other
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 6:25 PM ET
Size
10.5 KB
Accession
0000899243-21-013944
Insider Transaction Report
Form 4
Baron Julie A.
CFO, Treasurer and Secretary
Transactions
- Award
Common Stock
2021-03-26+7,039→ 21,089 total - Award
Market Stock Unit
2021-03-26+7,039→ 7,039 total→ Common Stock (7,039 underlying) - Award
Non-Qualified Stock Option (right to buy)
2021-03-26+7,039→ 7,039 totalExercise: $17.50→ Common Stock (7,039 underlying)
Footnotes (3)
- [F1]The shares consist of restricted stock units granted pursuant to the issuer's 2020 Omnibus Incentive Plan (the "Plan") that vest in three equal annual installments over three years.
- [F2]The option was granted pursuant to the Plan and vests in three equal annual installments over three years and remains exercisable after vesting until the earliest to occur of: (i) the 10th anniversary of the date of the grant, (ii) the 1st anniversary of the grantee's termination of employment by the issuer without Cause (as defined in the Plan) or the grantee's death or Disability (as defined in the Plan), (iii) 90 days following the grantee's voluntary termination, or (iv) the close of business on the last business day immediately prior to the date of the grantee's termination for Cause or breach of a restrictive covenant.
- [F3]Reflects an award of Market Stock Units ("MSUs") granted pursuant to the Plan. Each MSU represents a contingent right to receive one share of the issuer's common stock ("Common Stock"). The number of shares of Common Stock shown above represents the award at the target performance level. The actual number of shares of Common Stock that may be issued to the reporting person upon vesting of the MSUs ranges from a minimum of 0% to a maximum of 200% of the target performance level, depending on achievement of cumulative total shareholder return of the Common Stock over a performance period ending on December 31, 2023.
Documents
Issuer
Trean Insurance Group, Inc.
CIK 0001801754
Entity typeother
Related Parties
1- filerCIK 0001816138
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 6:25 PM ET
- Size
- 10.5 KB