4//SEC Filing
Cook Patricia 4
Accession 0000899243-22-013750
CIK 0001828937other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:15 PM ET
Size
16.2 KB
Accession
0000899243-22-013750
Insider Transaction Report
Form 4
Cook Patricia
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2022-04-01+12,073→ 12,073 total(indirect: By Corp) - Disposition to Issuer
Class A Common Stock
2022-04-01−12,073→ 0 total(indirect: By Corp) - Exercise/Conversion
Class A Common Stock
2022-04-01+326,798→ 486,079 total - Tax Payment
Class A Common Stock
2022-04-01$3.04/sh−180,687$549,288→ 305,392 total - Exercise/Conversion
LLC Units of Finance of America Equity Capital LLC
2022-04-01−12,073→ 394,954 total(indirect: By Corp)→ Class A Common Stock (12,073 underlying) - Exercise/Conversion
Restricted Stock Units
2022-04-01−326,798→ 653,599 total→ Class A Common Stock (326,798 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire.
- [F2]Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the Reporting Person and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock (either held or acquired upon conversion of FOA Units) to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On April 1, 2022, in connection with the Issuer's settlement of restricted stock units into shares of Class A Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining restricted stock units vest in equal installments on each of the third and fourth anniversaries of April 1, 2021, subject to the Reporting Person's continued employment.
- [F4]Represents the withholding of shares of Class A Common Stock in connection with the settlement of restricted stock units.
Documents
Issuer
Finance of America Companies Inc.
CIK 0001828937
Entity typeother
Related Parties
1- filerCIK 0001434368
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:15 PM ET
- Size
- 16.2 KB