Cameron Blair F 4
4 · Loyalty Ventures Inc. · Filed Feb 17, 2022
Insider Transaction Report
Form 4
Cameron Blair F
President, AIR MILES
Transactions
- Award
Common Stock
2022-02-15+24,007→ 44,626 total - Award
Common Stock
2022-02-15+12,927→ 57,553 total - Tax Payment
Common Stock
2022-02-16$24.68/sh−2,010$49,607→ 55,543 total
Footnotes (4)
- [F1]The new grant is for 24,007 shares of common stock represented by time-based restricted stock units. The time restrictions may lapse on 7,922 units on each of 2/15/23 and 2/15/24 and on 8,163 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 12,927 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) 2495 unrestricted shares; (b) 7,612 unvested units from an award of 7,612 time-based restricted stock units granted 12/7/21; (c) 8,502 unvested time-based restricted stock units from an award of 12,688 time-based restricted stock units granted 12/7/21; (d) the new grant for 24,007 time-based restricted stock units; and (e) the new grant for 12,927 performance-based restricted stock units.