4//SEC Filing
Motes Joseph L III 4
Accession 0001101215-24-000049
CIK 0001101215other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 4:19 PM ET
Size
12.4 KB
Accession
0001101215-24-000049
Insider Transaction Report
Form 4
Motes Joseph L III
EVP, CAO, Gen Counsel & Secy
Transactions
- Award
Common Stock
2024-02-15+14,949→ 96,494 total - Award
Common Stock
2024-02-15+22,423→ 118,917 total - Tax Payment
Common Stock
2024-02-15$37.59/sh−869$32,666→ 118,048 total - Award
Common Stock
2024-02-16+3,102→ 121,150 total - Tax Payment
Common Stock
2024-02-16$37.34/sh−8,225$307,122→ 112,925 total
Footnotes (5)
- [F1]The new grant is for 14,949 shares of common stock represented by time-based restricted stock units (RSUs). These time-based RSUs will vest over a three-year period, with 4,933 units vesting on each of 2/18/25 and 2/17/26 and 5,083 units vesting on 2/16/27, subject to continued employment (subject to certain limited exceptions) by the Reporting Person on the vesting dates.
- [F2]The new grant is for 22,423 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 2/16/27 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]Shares withheld by the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
- [F4]Based on an annual return on equity (ROE) performance metric goal for each of 2021, 2022 and 2023, as modified by a relative total stockholder return (rTSR) metric at the conclusion of the three-year period ended December 31, 2023, 130% of the original award of 10,340 performance-based restricted stock units granted 2/16/21 were earned, resulting in an additional 3,102 units, for a total of 13,442 units.
- [F5]The total number of securities beneficially owned includes: (a) 31,306 unrestricted shares; (b) 2,273 unvested units from an award of 6,685 time-based restricted stock units granted 2/15/22; (c) 10,027 unvested performance-based restricted stock units granted 2/15/22; (d) 12,490 unvested units from an award of 12,971 time-based restricted stock units granted 3/24/23; (e) 19,457 unvested performance-based restricted stock units granted 3/24/23; (f) the new grant for 14,949 time-based restricted stock units; and (g) the new grant for 22,423 performance-based restricted stock units.
Documents
Issuer
BREAD FINANCIAL HOLDINGS, INC.
CIK 0001101215
Entity typeother
Related Parties
1- filerCIK 0001648042
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 4:19 PM ET
- Size
- 12.4 KB