Beberman Perry S 4
4 · BREAD FINANCIAL HOLDINGS, INC. · Filed Feb 20, 2025
Insider Transaction Report
Form 4
Beberman Perry S
EVP, Chief Financial Officer
Transactions
- Award
Common Stock
2025-02-18+11,655→ 131,809 total - Award
Common Stock
2025-02-18+17,482→ 149,291 total - Award
Common Stock
2025-02-18+2,675→ 151,966 total - Tax Payment
Common Stock
2025-02-18$62.10/sh−17,245$1,070,915→ 134,721 total
Footnotes (5)
- [F1]The new grant is for 11,655 shares of common stock represented by time-based restricted stock units (RSUs). These time-based RSUs will vest over a three-year period, with 3,846 units vesting on each of 2/18/26 and 2/18/27 and 3,963 units vesting on 2/18/28, subject to continued employment (subject to certain limited exceptions) by the Reporting Person on the vesting dates.
- [F2]The new grant is for 17,482 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 2/18/28 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]Based on an annual return on equity (ROE) performance metric goal for each of 2022, 2023 and 2024, at the conclusion of the three-year period ended December 31, 2024, 120.2% of the original award of 13,239 performance-based restricted stock units granted 2/15/22 were earned, resulting in an additional 2,675 units, for a total of 15,914 units.
- [F4]Shares withheld by the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
- [F5]The total number of securities beneficially owned includes: (a) 32,343 unrestricted shares; (b) 5,737 unvested units from an award of 16,873 time-based restricted stock units granted 3/24/23; (c) 25,310 unvested performance-based restricted stock units granted 3/24/23; (d) 13,028 unvested units from an award of 19,444 time-based restricted stock units granted 2/15/24; (e) 29,166 unvested performance-based restricted stock units granted 2/15/24; (f) the new grant for 11,655 time-based restricted stock units; and (g) the new grant for 17,482 performance-based restricted stock units.