4//SEC Filing
Turnbough Anne 4
Accession 0000899243-21-024650
CIK 0000005981other
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 6:24 AM ET
Size
7.8 KB
Accession
0000899243-21-024650
Insider Transaction Report
Form 4
Turnbough Anne
See Remarks
Transactions
- Other
Common Stock
2021-03-09+1,511→ 27,339 total - Tax Payment
Common Stock
2021-03-09$20.78/sh−1,453$30,193→ 25,886 total
Footnotes (3)
- [F1]These constitute the number of shares in excess of the target amount (originally 2,206) of performance-based restricted stock that was awarded on March 9, 2018, vested over the three-year period commencing on that date and related to performance period from January 1, 2018 through December 31, 2020. Under the terms of that certain Performance-Based Restricted Stock Award Units Agreement dated as of March 9, 2018, the target amount was subject to adjustment weighted as follows: i) fifty-percent based upon the company's earnings before income tax performance, ii) thirty-percent based upon the company's net sales performance, in both cases as compared to median performance of an industry comparator group during the performance period, and iii) twenty-percent based upon total shareholder return (split evenly between the Russell 2000 and an industry comparator group).
- [F2](Continued from footnote 1) Specifically, the EBIT and net sales performance were both at 200% of the comparator median (yielding two times the target), while TSR performance was below that of the comparator indexes. All told, 168% of the targeted award vested. Complete financial information from comparator companies required for making these calculations was not publicly available until late May 2021.
- [F3]These shares were forfeited at the election of reporting person to cover payroll taxes arising from the vesting of additional performance-based shares as per note 1 above.
Documents
Issuer
AMERICAN VANGUARD CORP
CIK 0000005981
Entity typeother
Related Parties
1- filerCIK 0001702135
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 6:24 AM ET
- Size
- 7.8 KB