4//SEC Filing
KROLL JULES B 4
Accession 0001104659-21-123116
CIK 0001712543other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 4:19 PM ET
Size
7.2 KB
Accession
0001104659-21-123116
Insider Transaction Report
Form 4
KROLL JULES B
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2021-10-05−4,375→ 5,625 total - Award
Class A Common Stock
2021-10-05+5,470→ 11,095 total
Footnotes (1)
- [F1]On October 5, 2021, the Issuer cancelled 4,375 unvested restricted stock units ("RSUs") previously granted under the Andover National Corporation 2019 Equity Incentive Plan (the "Plan") in exchange for 5,470 performance RSUs ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Class A common stock. In addition to time-based vesting, the PSUs are also subject to performance vesting that is only satisfied upon the occurrence of a "Liquidity Event" (as defined in the PSU Agreement to include the listing of a class of the Issuer's equity security on anational securities exchange or the occurrence of a Change of Control (as defined in the Plan)) and continued service with the Issuer through the applicable vesting date. For the time-based vesting component, beginning on October 29, 2021, 4,688 PSUs vest in (6) six equal quarterly installments. 782 PSUs fully vest on November 14, 2021.
Documents
Issuer
Andover National Corp
CIK 0001712543
Entity typeother
Related Parties
1- filerCIK 0001046959
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 4:19 PM ET
- Size
- 7.2 KB