Losak Joseph C. II 4
4 · CIRCOR INTERNATIONAL INC · Filed Mar 21, 2023
Insider Transaction Report
Form 4
Losak Joseph C. II
VP Finance, Controller, PAO
Transactions
- Award
Restricted Stock Unit (MSP)
2023-03-17+266→ 266 totalExercise: $0.00From: 2026-03-17Exp: 2033-03-17→ Common Stock (266 underlying) - Award
Restricted Stock Unit
2023-03-17+2,160→ 2,160 totalExercise: $0.00From: 2024-03-17Exp: 2033-03-17→ Common Stock (2,160 underlying)
Footnotes (2)
- [F1]The grant of Restricted Stock Units (RSUs), reported herein, entitles the Reporting Person to receive shares of the issuer common stock in equal installments of one-third of the original RSU grant on each of the first three anniversaries of the grant date. The RSUs automatically convert into shares of common stock on a one-for-one basis at no conversion cost to the Reporting Person.
- [F2]This Restricted Stock Units (RSUs) grant is issued pursuant to a provision of the issuers Management Stock Purchase Plan (MSPP) whereby, pursuant to an advanced election by the executive, he or she receives RSUs in lieu of a specified percentage or dollar amount of his or her annual incentive cash bonus. The RSUs are issued in whole units at a 33 percent discount from fair market value of the issuers common stock on the award date and generally vest 3 years from the date of the grant, at which time the RSUs convert into shares of common stock on a one-for-one basis unless the executive previously elected a longer deferral period.