Neff Corp 4
4 · Neff Corp · Filed Dec 13, 2016
Insider Transaction Report
Form 4
Neff CorpNEFF
Hood Graham
DirectorChief Executive Officer
Transactions
- Award
Restricted Stock Units
2016-12-09+16,949→ 16,949 total→ Class A Common Stock (16,949 underlying) - Award
Stock Options (Right to Buy)
2016-12-09+34,002→ 34,002 totalExercise: $14.75Exp: 2026-12-09→ Class A Common Stock (34,002 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. The RSUs will cliff-vest on December 9, 2019, subject to continued employment (subject to certain acceleration triggers) and (a) in the case of 50% of the RSUs, only if the Company's return on invested capital for the three-year period from the date of grant exceeds its weighted average cost of capital for such period and (b) in the case of the other 50% of the RSUs, only if the Company's total stockholder return, as measured for such period, is equal to or greater than the median total stockholder return of companies in the S&P Trading Companies and Distributors GICS Sub-Industry for such period.
- [F2]The options vest in four equal annual installments beginning on the first anniversary of the grant date.