4//SEC Filing
Jacobs Michael G. 4
Accession 0000950103-21-012229
CIK 0001857951other
Filed
Aug 10, 8:00 PM ET
Accepted
Aug 11, 8:58 PM ET
Size
14.7 KB
Accession
0000950103-21-012229
Insider Transaction Report
Form 4
Weber Inc.WEBR
Jacobs Michael G.
Chief Supply Chain Officer
Transactions
- Award
Profits Units in Weber HoldCo LLC
2021-08-09+361,516.7→ 361,516.7 total(indirect: See footnote)Exercise: $6.21→ Class A Common Stock (361,516.7 underlying) - Award
Class A Common Stock
2021-08-09+6,907→ 6,907 total - Award
Profits Units in Weber HoldCo LLC
2021-08-09+361,516.7→ 361,516.7 total(indirect: See footnote)Exercise: $8.00→ Class A Common Stock (361,516.7 underlying) - Award
Profits Units in Weber HoldCo LLC
2021-08-09+516,445.2→ 516,445.2 total(indirect: See footnote)Exercise: $9.79→ Class A Common Stock (516,445.2 underlying)
Footnotes (3)
- [F1]Reflects vested restricted stock units, which are subject to deferred settlement, that were issued at the closing of the issuer's initial public offering pursuant to the Weber Inc. Omnibus Incentive Plan in replacement for long-term incentive awards held by the reporting person under the historical Amended and Restated Weber-Stephen Products LLC Management Incentive Compensation Plan.
- [F2]Reflects profits units in Weber HoldCo LLC (the "Profits Units") in which the reporting person holds an indirect pecuniary interest through ownership of corresponding profits units of Weber-Stephen Management Pool LLC ("Management Pool LLC"), which vest in equal installments on September 15, 2021, September 15, 2022 and September 15, 2023. The Profits Units are convertible, at the reporting person's election, into common units of Weber HoldCo LLC ("LLC Units") based on the intrinsic or spread value of the Profits Units at the time of conversion (at which time a corresponding number of shares of Class B common stock of the issuer ("Class B Common Stock") would be issued to Weber HoldCo LLC). The LLC Units (and a corresponding number of shares of Class B Common Stock) may be distributed to the reporting person at the reporting person's election,
- [F3](cont from fn 2) in which case the reporting person may then require Weber HoldCo LLC to redeem the LLC Units for newly issued shares of the issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis (at which time, a corresponding number of shares of Class B Common Stock will also be cancelled on a one-for-one basis) or, at the issuer's election, an equivalent cash payment. The Profits Units were received by Management Pool LLC in the reorganization transactions effected in connection with the issuer's initial public offering in replacement of historical units of a predecessor entity. Any Profits Units that have not been converted into LLC Units will automatically be converted into LLC Units following the first to occur of (i) the five-year anniversary of vesting and (ii) the one-year anniversary of the reporting person's termination of employment. The LLC Units do not expire.
Documents
Issuer
Weber Inc.
CIK 0001857951
Entity typeother
Related Parties
1- filerCIK 0001872310
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Accepted
- Aug 11, 8:58 PM ET
- Size
- 14.7 KB