4//SEC Filing
Iannucci John 4
Accession 0000950170-23-042528
CIK 0001723580other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 5:07 PM ET
Size
9.7 KB
Accession
0000950170-23-042528
Insider Transaction Report
Form 4
Iannucci John
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2023-08-10$1.69/sh−1,067$1,803→ 13,308 total - Exercise/Conversion
Common Stock
2023-08-10+4,375→ 14,375 total - Exercise/Conversion
Restricted Stock Units
2023-08-10−4,375→ 91,750 total→ Common Stock (4,375 underlying)
Footnotes (4)
- [F1]The shares are part of a grant of 35,000 restricted stock units made on August 10, 2022 under the issuer's 2020 Omnibus Equity Incentive Plan, which shall vest and be settled in shares of common stock in four annual installments of 8,750 restricted stock units each, beginning August 10, 2023, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination events.
- [F2](Continued footnote 1) On March 21, 2023, the Compensation Committee of the Board of Directors of the issuer approved of the vesting of 4,375 of the restricted stock units in the first installment effective August 10, 2023, based on the extent of achievement of the Reporting Person's key performance criteria. The remainder of the second installment was forfeited effective August 10, 2023. The grant dates of the foregoing grant and an additional grant of 60,000 restricted stock units made to the Reporting Person on August 10, 2022 were inadvertently described as June 22, 2022 in the Form 3 filed by the Reporting Person on May 15, 2023.
- [F3]Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
- [F4]Shares disposed of represent shares withheld by the issuer to pay taxes due upon vesting of restricted stock units.
Documents
Issuer
BurgerFi International, Inc.
CIK 0001723580
Entity typeother
Related Parties
1- filerCIK 0001977742
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 5:07 PM ET
- Size
- 9.7 KB