4//SEC Filing
Meads Garner B. III 4
Accession 0000899243-22-039610
CIK 0001713952other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 7:57 PM ET
Size
32.4 KB
Accession
0000899243-22-039610
Insider Transaction Report
Form 4
Meads Garner B. III
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2022-12-28+3,634→ 64,858 total - Exercise/Conversion
Class A Common Stock
2022-12-28+34,454→ 112,659 total - Tax Payment
Class A Common Stock
2022-12-28$11.91/sh−28,545$339,971→ 98,400 total - Exercise/Conversion
Class A Common Stock
2022-12-28+9,713→ 78,205 total - Exercise/Conversion
Class A Common Stock
2022-12-28+14,286→ 126,945 total - Exercise/Conversion
Restricted Stock Units
2022-12-28−3,634→ 7,267 total→ Class A Common Stock (3,634 underlying) - Exercise/Conversion
Class A Common Stock
2022-12-28+5,548→ 61,224 total - Exercise/Conversion
Class A Common Stock
2022-12-28+3,634→ 68,492 total - Exercise/Conversion
Restricted Stock Units
2022-12-28−5,548→ 5,549 total→ Class A Common Stock (5,548 underlying) - Exercise/Conversion
Restricted Stock Units
2022-12-28−3,634→ 7,267 total→ Class A Common Stock (3,634 underlying) - Exercise/Conversion
Restricted Stock Units
2022-12-28−9,713→ 19,424 total→ Class A Common Stock (9,713 underlying) - Exercise/Conversion
Restricted Stock Units
2022-12-28−34,454→ 103,363 total→ Class A Common Stock (34,454 underlying) - Exercise/Conversion
Restricted Stock Units
2022-12-28−14,286→ 42,857 total→ Class A Common Stock (14,286 underlying)
Footnotes (10)
- [F1]In connection with the anticipated transactions contemplated by the Agreement and Plan of Merger, dated as of December 6, 2022, entered into by and among Vivint Smart Home, Inc. (the "Issuer"), NRG Energy, Inc. ("Parent"), and Jetson Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, the Board of Directors of the Issuer approved the acceleration of the payment of certain equity awards to mitigate certain adverse tax consequences under Section 280G or 4999 of the Internal Revenue Code of 1986, as amended, that could arise in connection with the Merger.
- [F10]Reflects an initial grant of 57,143 RSUs that vests in four equal annual installments beginning on March 1, 2023. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.
- [F2]The accelerated settlement described in this Form 4 is contingent upon the Reporting Person's agreement to repay accelerated compensation amounts if the Reporting Person ceases to be employed with the Issuer prior to the date which any of his equity awards described herein would otherwise vest, subject to any outstanding accelerated vesting provisions.
- [F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock of the Issuer ("Class A Common Stock"). The RSUs will be settled in either Class A Common Stock or cash.
- [F4]Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting of RSUs.
- [F5]Reflects an initial grant of 22,195 RSUs that vests in four equal annual installments beginning on January 17, 2021. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on January 17, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.
- [F6]Reflects performance-based RSUs previously granted to the Reporting Person, the performance of which was certified on March 1, 2022. Upon certification of the award, the Reporting Person received 3,634 shares of Class A Common Stock and 10,901 RSUs that were scheduled to vest in three equal annual installments beginning on March 1, 2023. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.
- [F7]Reflects an initial grant of 14,535 RSUs that vests in four equal annual installments beginning on March 1, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.
- [F8]Reflects an initial grant of 38,850 RSUs that vests in four equal annual installments beginning on September 1, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on September 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.
- [F9]Reflects an initial grant of 137,817 RSUs that vests in four equal annual installments beginning on December 2, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on December 2, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.
Documents
Issuer
Vivint Smart Home, Inc.
CIK 0001713952
Entity typeother
Related Parties
1- filerCIK 0001892703
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 7:57 PM ET
- Size
- 32.4 KB