4//SEC Filing
Powers Michael Kelly 4
Accession 0001104659-21-046201
CIK 0001136294other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 6:40 PM ET
Size
19.0 KB
Accession
0001104659-21-046201
Insider Transaction Report
Form 4
Powers Michael Kelly
President, Power
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value per share
2021-03-31+9,206→ 67,070 total - Award
Common Stock, $0.01 par value per share
2021-03-31+12,514→ 94,775 total - Exercise/Conversion
Restricted Stock Units
2021-03-31−9,206→ 9,206 total→ Common Stock (9,206 underlying) - Exercise/Conversion
Common Stock, $0.01 par value per share
2021-03-31+15,191→ 82,261 total - Award
Restricted Stock Units
2021-03-31+28,211→ 28,211 total→ Common Stock (28,211 underlying) - Tax Payment
Common Stock, $0.01 par value per share
2021-03-31$3.48/sh−13,747$47,840→ 81,028 total - Exercise/Conversion
Restricted Stock Units
2021-03-31−15,191→ 30,382 total→ Common Stock (15,191 underlying)
Footnotes (5)
- [F1]On April 3, 2019, the reporting person was granted 27,618 time-based restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the issuer's common stock and which vest in three equal installments on March 31 of each of 2020, 2021 and 2022, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer). The issuer's Compensation Committee elected to settle the RSUs that vested on March 31, 2021 in shares of the issuer's common stock.
- [F2]On April 3, 2019, the reporting person was granted cash-based performance awards ("Performance Awards"), which vest in three equal installments on March 31 of each of 2020, 2021 and 2022 and are subject to continued employment through the vesting date. The Performance Awards may be settled in cash or shares of the issuer's common stock (at the election of the issuer). The Compensation Committee determined that the second installment of the Performance Awards vested in full, based on the issuer's achievement of the relevant performance conditions, and elected to settle such Performance Awards in shares of the issuer's common stock. The number of shares received was based on the closing price of the issuer's common stock on March 31, 2021.
- [F3]Reflects withholding of shares by the issuer to offset the tax liability resulting from the vesting on March 31, 2021 with respect to: (i) 8,766 time-based RSUs granted on June 20, 2018; (ii) 9,206 time-based RSUs granted on April 3, 2019; (iii) 15,191 time-based RSUs granted on March 31, 2020; and (iv) 12,514 Performance Awards.
- [F4]On March 31, 2020, the reporting person was granted 45,573 time-based RSUs, each of which represents a contingent right to receive one share of the issuer's common stock and which vest in three equal installments on March 31 of each of 2021, 2022 and 2023, subject to continued employment through the vesting date. The Form 4 filed by the reporting person on April 2, 2020 inadvertently stated that the first tranche would vest on June 30, 2021. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer). The issuer's Compensation Committee elected to settle the RSUs that vested on March 31, 2021 in shares of the issuer's common stock.
- [F5]On March 31, 2021, the reporting person was granted 28,211 time-based RSUs, each of which represents a contingent right to receive one share of the issuer's common stock and which vest in full on March 31, 2024, subject to continued employment through the vesting date. The RSUs may be settled in shares of the issuer's common stock or cash (at the election of the issuer).
Documents
Issuer
Williams Industrial Services Group Inc.
CIK 0001136294
Entity typeother
Related Parties
1- filerCIK 0001785560
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 6:40 PM ET
- Size
- 19.0 KB