PETE CLINT J. 4
4 · CHARLES & COLVARD LTD · Filed Sep 15, 2021
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2021-09-15+48,750→ 212,016 total - Award
Phantom Stock
2021-09-15+26,250→ 26,250 total→ Common Stock (26,250 underlying)
Holdings
- 39,500(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]Performance-based restricted stock will vest, subject to achievement of performance goals, on July 31, 2022, pursuant to Charles & Colvard, Ltd.'s Fiscal 2022 Senior Management Equity Incentive Program (the "Plan").
- [F2]Performance-based phantom stock is settled in cash and will become payable, subject to the achievement of performance goals set forth in the Plan, on July 31, 2022. Each share of phantom stock is the economic equivalent of one share of Common Stock. The shares of phantom stock do not confer any stock ownership rights and become payable solely in cash based on the closing price of Charles & Colvard, Ltd.'s Common Stock on the Vesting Date, determined under the terms of the Plan.