4//SEC Filing
Motes Joseph L III 4
Accession 0001062993-23-007835
CIK 0001101215other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 8:31 PM ET
Size
8.0 KB
Accession
0001062993-23-007835
Insider Transaction Report
Form 4
Motes Joseph L III
EVP, CAO, Gen Counsel & Secy
Transactions
- Award
Common Stock
2023-03-24+19,457→ 82,026 total - Award
Common Stock
2023-03-24+12,971→ 62,569 total
Footnotes (4)
- [F1]The new grant is for 12,971 shares of common stock represented by time-based restricted stock units (RSUs). These time-based RSUs will vest over a three-year period, with 4,280 units vesting on each of 3/25/24 and 2/18/25 and 4,411 units 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 19,457 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) 17,295 unrestricted shares; (b) 7,457 unvested units from an award of 21,934 time-based restricted stock units granted 2/16/21; (c) 10,340 unvested performance-based restricted stock units granted 2/16/21; (d) 4,479 unvested units from an award of 6,685 time-based restricted stock units granted 2/15/22; (e) 10,027 unvested performance-based restricted stock units granted 2/15/22; (f) the new grant for 12,971 time-based restricted stock units; and (g) the new grant for 19,457 performance-based restricted stock units.
Issuer
BREAD FINANCIAL HOLDINGS, INC.
CIK 0001101215
Entity typeother
Related Parties
1- filerCIK 0001648042
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 8:31 PM ET
- Size
- 8.0 KB