Hannon Lawrence 4
4 · ProSight Global, Inc. · Filed Mar 3, 2020
Insider Transaction Report
Form 4
Hannon Lawrence
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2020-02-28$13.40/sh−5,650$75,710→ 68,618 total - Exercise/Conversion
Common Stock
2020-02-28+55,831→ 124,449 total - Exercise/Conversion
Common Stock
2020-02-28+16,596→ 74,268 total - Tax Payment
Common Stock
2020-02-28$13.40/sh−19,088$255,779→ 105,361 total - Award
Common Stock
2020-02-28+44,664→ 150,025 total - Exercise/Conversion
Restricted Stock Units
2020-02-28−16,596→ 29,205 total→ Common Stock (16,596 underlying) - Exercise/Conversion
Restricted Stock Units
2020-02-28−55,831→ 167,488 total→ Common Stock (55,831 underlying)
Footnotes (5)
- [F1]Represents the settlement of vested RSUs in shares of common stock of ProSight Global, Inc. ("PGI"). The vested RSUs were granted under ProSight Global Holdings Limited's ("PGHL") 2010 Equity Incentive Plan and were exchanged for vested RSUs over shares of PGI's common stock in connection with the merger of PGHL with and into its wholly owned subsidiary, PGI, which was consummated in connection with PGI's initial public offering. These RSUs settle on the earliest to occur of the grantee's death or disability, the grantee's termination of service, a "change of control" or the fifth anniversary of the grant date.
- [F2]Shares withheld by PGI to satisfy tax withholding requirements on settlement of RSUs. No shares were sold.
- [F3]Represents the settlement of 25% of the supplemental RSUs in shares of common stock of PGI. The supplemental RSUs were granted on July 25, 2019, in connection with PGI's initial public offering. 25% of the RSUs were vested on the grant date and scheduled to settle on February 28, 2020. 25% will vest on the second anniversary of the grant date and 50% will vest on the third anniversary of the grant date, in each case subject to the grantee's continued employment through each such date.
- [F4]Shares withheld by PGI to satisfy tax withholding requirements on settlement of RSUs. No shares were sold.
- [F5]Represents a restricted stock award granted under PGI's 2019 Equity Incentive Plan. The restricted shares will vest in equal installments on the first, second and third anniversary of the grant date subject to the grantee's continued employment through each such date.