Garen Daniel 4
4 · Vivint Smart Home, Inc. · Filed Mar 3, 2023
Insider Transaction Report
Form 4
Garen Daniel
See Remarks
Transactions
- Award
Class A Common Stock
2023-03-01+8,929→ 84,209 total - Tax Payment
Class A Common Stock
2023-03-01$11.91/sh−2,608$31,061→ 81,601 total - Award
Restricted Stock Units
2023-03-01+26,785→ 26,785 total→ Class A Common Stock (26,785 underlying)
Footnotes (3)
- [F1]Reflects performance-based restricted stock units previously granted to the Reporting Person, which were certified at target-level performance on March 1, 2023. Of these units, 25% vested immediately and the remaining 75% vest in three equal annual installments beginning on March 1, 2024. Therefore, upon certification of the award, the Reporting Person received 8,929 shares of Class A Common Stock of the Issuer ("Class A Common Stock") and will receive 26,785 shares (or the cash-equivalent thereof) in three equal annual installments beginning on March 1, 2024.
- [F2]Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting and settlement of the performance-based restricted stock units described herein.
- [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.