Santillan Laura 4
4 · Loyalty Ventures Inc. · Filed Feb 17, 2022
Insider Transaction Report
Form 4
Santillan Laura
SVP, Chief Accounting Officer
Transactions
- Award
Common Stock
2022-02-15+16,576→ 39,630 total - Tax Payment
Common Stock
2022-02-16$24.68/sh−776$19,152→ 47,780 total - Award
Common Stock
2022-02-15+8,926→ 48,556 total
Footnotes (4)
- [F1]The new grant is for 16,576 shares of common stock represented by time-based restricted stock units. The time restrictions may lapse on 5,470 units on 2/15/23, on 5,470 units on 2/15/24 and on 5,636 units on 2/15/25 subject to continued employment by the Reporting Person with the Issuer on the vesting date.
- [F2]The new grant is for 8,926 shares of common stock represented by performance-based restricted stock units, which may be adjusted up or down from 0% to 150% at the time the performance restriction lapses, contingent on meeting a predetermined 2022 consolidated adjusted EBITDA performance measure. Further time restrictions may lapse with respect to 33% of such shares on each of 2/15/23 and 2/15/24 and with respect to 34% of such shares on 2/15/25 subject to continued employment by the Reporting Person with the Issuer on the vesting date.
- [F3]Shares withheld by the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
- [F4]The total number of securities beneficially owned includes: (a) 11,151 unrestricted shares; (b) 5,256 unvested units from an award of 5,256 time-based restricted stock units granted 12/7/21; (c) 5,871 unvested time-based restricted stock units from an award of 8,761 time-based restricted stock units granted 12/7/21; (d) the new grant for 16,576 time-based restricted stock units; and (e) the new grant for 8,926 performance-based restricted stock units.