4//SEC Filing
LAY RANDALL R 4
Accession 0001104659-21-046202
CIK 0001136294other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 6:42 PM ET
Size
14.5 KB
Accession
0001104659-21-046202
Insider Transaction Report
Form 4
LAY RANDALL R
Senior Vice President, CFO
Transactions
- Award
Common Stock, $0.01 par value per share
2021-03-05+25,000→ 114,967 total - Tax Payment
Common Stock, $0.01 par value per share
2021-03-31$3.48/sh−9,768$33,993→ 127,100 total - Exercise/Conversion
Common Stock, $0.01 par value per share
2021-03-31+21,901→ 136,868 total - Exercise/Conversion
Restricted Stock Units
2021-03-31−21,901→ 43,803 total→ Common Stock (21,901 underlying) - Award
Restricted Stock Units
2021-03-31+36,343→ 36,343 total→ Common Stock (36,343 underlying)
Footnotes (4)
- [F1]On September 30, 2019, the reporting person was granted performance-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 two equal installments on March 31, 2021 and 2022, subject to continued employment through the vesting date. On March 5, 2021, the Compensation Committee determined that the full amount of the first installment of the performance-based PRSUs would vest, based on the issuer's achievement of the relevant performance conditions, subject to the reporting person's continued employment through March 31, 2021.
- [F2]On March 31, 2020, the reporting person was granted 65,704 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.
- [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) 33,333 time-based RSUs granted on September 30, 2019; (ii) 25,000 performance-based RSUs granted September 30, 2019; and (iii) 21,901 time-based RSUs granted on March 31, 2020.
- [F4]On March 31, 2021, the reporting person was granted 36,343 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 0001200633
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 6:42 PM ET
- Size
- 14.5 KB