4//SEC Filing
Chesnut John Jeffrey 4
Accession 0001062993-22-004720
CIK 0001870997other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:17 PM ET
Size
8.8 KB
Accession
0001062993-22-004720
Insider Transaction Report
Form 4
Chesnut John Jeffrey
EVP, Chief Financial Officer
Transactions
- Award
Common Stock
2022-02-15+14,774→ 57,086 total - Tax Payment
Common Stock
2022-02-16$24.68/sh−749$18,485→ 56,337 total - Award
Common Stock
2022-02-15+27,436→ 42,312 total
Footnotes (4)
- [F1]The new grant is for 27,436 shares of common stock represented by time-based restricted stock units. The time restrictions may lapse on 9,053 units on 2/15/23, on 9,054 units on 2/15/24 and on 9,329 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 14,774 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) 3,767 unrestricted shares; (b) 4,894 unvested units from an award of 4,894 time-based restricted stock units granted 12/7/21; (c) 5,466 unvested time-based restricted stock units from an award of 8,157 time-based restricted stock units granted 12/7/21; (d) the new grant for 27,436 time-based restricted stock units; and (e) the new grant for 14,774 performance-based restricted stock units.
Issuer
Loyalty Ventures Inc.
CIK 0001870997
Entity typeother
Related Parties
1- filerCIK 0001804171
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:17 PM ET
- Size
- 8.8 KB