Butler James Joseph III 4
4 · PFSWEB INC · Filed Jul 2, 2020
Insider Transaction Report
Form 4
PFSWEB INCPFSW
Butler James Joseph III
Executive Vice President
Transactions
- Award
Performance Share Award
2020-06-30+300,000→ 300,000 totalExp: 2024-06-30→ Common Stock (300,000 underlying) - Award
Performance Share Award - 2020 STI
2020-06-30+12,351→ 12,351 total→ Common Stock (12,351 underlying)
Footnotes (4)
- [F1]Issuance of Performance Share Award under the Company's Stock and Incentive Plan. Each performance share represents the contingent right to receive one share of Common Stock. Subject to vesting based upon the the achievement by the Company and/or a business unit thereof of performance goals measured by adjusted EBITDA and/or revenue for the 2020 fiscal year (subject to adjustment) and/or based upon continued employment.
- [F2]Each performance share represents the contingent right to receive one share of Common Stock.
- [F3]These awards were previously disclosed on a Form 4 dated 6/13/2018. The shares underlying such awards were subject to approval of the Company's Stock and Incentive Plan by shareholders. This plan was approved on 6/30/2020 and the awards were granted on the same day.
- [F4]Subject to vesting based on meeting certain trailing 12 month financial metrics at any time through 6/30/2024.