Thornton Karen D. 4
4 · FTS International, Inc. · Filed Jul 6, 2021
Insider Transaction Report
Form 4
Thornton Karen D.
Chief Administrative Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2021-07-01+16,879→ 18,695 total - Tax Payment
Class A Common Stock
2021-07-01$28.73/sh−6,628$190,422→ 12,067 total - Exercise/Conversion
Performance Stock Units
2021-07-01−16,879→ 16,879 total→ Class A Common Stock (16,879 underlying)
Footnotes (1)
- [F1]Performance stock units convert into Class A Common Stock on a one-for-one basis. The performance stock units vest in two equal installments based on either (i) the achievement of a volume-weighted average price per share of the Company's Class A Common Stock over 90 consecutive trading days or (ii) the occurrence of a Change in Control (as defined in the 2020 Equity and Incentive Compensation Plan), in each case, implying an aggregate equity market capitalization for the Company as set forth in the performance stock unit agreement. If the performance metric is not met by the seventh anniversary of the date of grant, the performance stock units will be forfeited.