4//SEC Filing
Davis Brian M 4
Accession 0001104659-20-009381
CIK 0001341141other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 5:31 PM ET
Size
7.1 KB
Accession
0001104659-20-009381
Insider Transaction Report
Form 4
Davis Brian M
Senior VP & CFO
Transactions
- Award
LTIP units
2020-01-29+15,411→ 15,411 total→ Common Stock
Footnotes (2)
- [F1]Reflects limited partnership units ("LTIP units") in the issuer's operating partnership, CatchMark Timber Operating Partnership, L.P., of which the issuer is the general partner and owns 99.99% of the common units, originally granted on November 29, 2018 that were subject to performance-based vesting criteria over a 3-year performance period from January 1, 2017 to December 31, 2019. The LTIP units were earned upon the achievement of pre-established performance goals related to (i) relative TSR as compared to 2 pre-established peer groups comprised of companies within the timber industry and the lumber, paper and packaging industry (50%); (ii) relative TSR as compared to the Russell 3000 Index (30%); and (iii) relative TSR compared to the NCREIF Timberland Index) (20%). The issuer's Compensation Committee certified the level of achievement of the performance goals on Jan. 29, 2020. 50% of the earned LTIP units were vested of Jan. 29, 2020 and 50% will vest on Jan. 29, 2021.
- [F2]LTIP units are a class of units structured to qualify as "profits interests" for federal income tax purposes that, subject to certain conditions, including vesting, are convertible by the reporting person into CatchMark Timber Operating Partnership, L.P. common units. For further information about the LTIP units, refer to Note 8-Noncontrolling Interest accompanying the audited financial statements and footnotes included in the issuer's Annual Report on Form 10-K for the year ended December 31, 2018.
Documents
Issuer
CatchMark Timber Trust, Inc.
CIK 0001341141
Entity typeother
Related Parties
1- filerCIK 0001556736
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 5:31 PM ET
- Size
- 7.1 KB