Beberman Perry S 4
4 · BREAD FINANCIAL HOLDINGS, INC. · Filed Mar 27, 2023
Insider Transaction Report
Form 4
Beberman Perry S
EVP, Chief Financial Officer
Transactions
- Award
Common Stock
2023-03-24+16,873→ 54,063 total - Award
Common Stock
2023-03-24+25,310→ 79,373 total
Footnotes (4)
- [F1]The new grant is for 16,873 shares of common stock represented by time-based restricted stock units (RSUs). These time-based RSUs will vest over a three-year period, with 5,568 units vesting on each of 3/25/24 and 2/18/25 and 5,737units vesting on 2/17/26, subject to continued employment (subject to certain limited exceptions) by the Reporting Person on the vesting dates.
- [F2]The new grant is for 25,310 shares of common stock represented by performance-based RSUs, which may be adjusted up or down at the time the performance targets are measured at the end of the three-year performance period. These performance-based RSUs may vest on 2/17/26 contingent on meeting predetermined performance measures and subject to continued employment (subject to certain limited exceptions) by the Reporting Person on the vesting date.
- [F3]Due to evolving macroeconomic conditions impacting the process of setting the appropriate performance-based RSU targets, these grants were approved later than usual in the grant cycle. However, for administrative convenience, the second and third years of the time-based RSUs and, if the performance targets are achieved, the three-year performance-based RSUs will vest on the Company's typical vesting schedule in mid-February of the applicable year.
- [F4]The total number of securities beneficially owned includes: (a) 6,786 unrestricted shares; (b) 7,628 unvested units from an award of 11,385 time-based restricted stock units granted 7/15/21; (c) 3,623 unvested performance-based restricted stock units granted 7/15/21; (d) 5,914 unvested units from an award of 8,826 time-based restricted stock units granted 2/15/22; (e) 13,239 unvested performance-based restricted stock units granted 2/15/22; (f) the new grant for 16,873 time-based restricted stock units; and (g) the new grant for 25,310 performance-based restricted stock units.