Herington Brian 4
4 · Nexeo Solutions, Inc. · Filed Nov 6, 2017
Insider Transaction Report
Form 4
Herington Brian
See Remarks
Transactions
- Award
Common Stock
2017-11-02+20,216→ 20,216 total - Award
Employee Stock Option (right to buy)
2017-11-02+60,647→ 60,647 totalExercise: $7.42Exp: 2027-11-02→ Common Stock (60,647 underlying) - Award
Performance Share Unit
2017-11-02+20,216→ 20,216 totalExp: 2020-09-30→ Common Stock (20,216 underlying)
Footnotes (3)
- [F1]Shares of Restricted Stock granted pursuant to the terms of the Nexeo Solutions, Inc. 2016 Long Term Incentive Plan.
- [F2]The option vests in three equal annual installments beginning on November 2, 2018.
- [F3]Performance Share Units granted pursuant to the Nexeo Solutions, Inc. 2016 Long Term Incentive Plan. Each Performance Share Unit represents a contingent right to receive a certain number of shares of the Issuer's common stock, to be determined based upon the attainment of certain performance goals set forth in the Performance Share Unit Agreement, dated November 2, 2017, by and between the Issuer and the Reporting Person, for the performance period beginning on October 1, 2017 to September 30, 2020. The vesting of the Reporting Person's Performance Share Units is tied to the return on invested capital during the performance period, as well as the satisfaction of certain time-based vesting conditions during the period beginning on the date of grant and ending on the date of settlement of the Performance Share Unit. These achievements may result in a payout ranging between 0% and 200% of the target.