Ramirez Julio A 4
4 · BurgerFi International, Inc. · Filed Jul 15, 2021
Insider Transaction Report
Form 4
BurgerFi International, Inc.BFI, BFIIW
Ramirez Julio A
Chief Executive Officer
Transactions
- Award
Restricted Stock Units
2021-07-13+161,000→ 161,000 total→ Common Stock (161,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
- [F2]On July 13 ,2021, the Reporting Person was granted 250,000 restricted stock units under the issuer's 2020 Omnibus Equity Incentive (the "Plan"), which shall vest and be settled in shares of common stock in five installments as follows; provided, however, that 36% (89,000 shares) of the total restricted stock units will not be issued (deemed or otherwise) under the Plan until the aggregate number of shares reserved for Awards under the Plan is increased consistent with Section 5.1 of the Plan: 20%, or the full 250,000 restricted stock units or 32,200 of the 161,000 restricted stock units, shall vest annually beginning December 16, 2021, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination events.