LAY RANDALL R 4
4 · Williams Industrial Services Group Inc. · Filed Apr 4, 2022
Insider Transaction Report
Form 4
LAY RANDALL R
Senior Vice President, CFO
Transactions
- Award
Restricted Stock Units
2022-03-31+56,000→ 56,000 total→ Common Stock (56,000 underlying) - Exercise/Conversion
Common Stock, $0.01 par value per share
2022-03-31+21,901→ 156,501 total - Exercise/Conversion
Restricted Stock Units
2022-03-31−21,901→ 21,902 total→ Common Stock (21,901 underlying)
Holdings
- 36,343
Restricted Stock Units
→ Common Stock (36,343 underlying)
Footnotes (3)
- [F1]On March 31, 2020, the reporting person was granted 65,704 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 2021, 2022 and 2023, 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, 2022 in shares of the issuer's common stock.
- [F2]On March 31, 2022, the reporting person was granted 56,000 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 2023, 2024 and 2025, 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).
- [F3]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).