Mihal Shawn M. 4
4 · WADDELL & REED FINANCIAL INC · Filed Mar 12, 2021
Insider Transaction Report
Form 4
Mihal Shawn M.
SVP - Broker-Dealer
Transactions
- Tax Payment
Class A Common
2021-03-10$25.02/sh−3,000$75,060→ 86,578 total - Award
Restricted Stock Units
2021-03-10+15,899→ 15,899 total→ Class A Common (15,899 underlying)
Footnotes (3)
- [F1]The reporting person surrendered these shares to satisfy tax withholding obligations resulting from the vesting of shares of restricted stock.
- [F2]Each restricted stock unit represents a contingent right to receive, at Issuer's sole discretion, (i) a cash payment equal to the fair market value on the date immediately preceding the vesting date of one share of Issuer's Class A Common Stock or (ii) one share of Issuer's Class A Common Stock; provided, that, in the event of a Change of Control, each restricted stock unit shall be settled by cash payment.
- [F3]Restricted stock units will vest in 1/4 increments beginning on the first anniversary of the grant date.