Adams Christopher R. 4
4 · CalAmp Corp. · Filed Feb 7, 2024
Insider Transaction Report
Form 4
CalAmp Corp.CAMP
Adams Christopher R.
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Units (RSUs)
2024-02-05+32,609→ 32,609 total→ Common Stock (32,609 underlying) - Award
Performance Stock Units (PSUs)
2024-02-05+32,609→ 32,609 total→ Common Stock (32,609 underlying)
Footnotes (3)
- [F1]RSUs and PSUs convert into common stock on a one-for-one basis.
- [F2]The RSUs vest at the rate of 33.33% on the 1 year anniversary of date of grant and 8.33% quarterly thereafter.
- [F3]The PSUs vest at the rate of 33.33% on the 1 year anniversary of the date of grant and 8.33% quarterly thereafter, subject to CalAmp Corp.'s common stock achieving certain specified stock price hurdles. 1) 50% of the PSUs will vest upon satisfaction of the service-based requirement and achievement of Stock Price Hurdle A as determined by the CalAmp Corp.'s Board of Directors. 2) The remaining 50% of the PSUs will vest upon satisfaction of the service-based requirement and achievement of Stock Price Hurdle B as determined by the CalAmp Corp.'s Board of Directors. However, if Stock Price Hurdle B has not been satisfied by the 3 year anniversary of the date of grant, the remaining 50% of the PSUs may still vest if Stock Price Hurdle B is satisfied by the 5 year anniversary of the date of grant.