Akins Martin P. 4
4 · Exela Technologies, Inc. · Filed Jun 29, 2022
Insider Transaction Report
Form 4
Akins Martin P.
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.0001 per share
2022-06-27+13,228→ 90,212 total - Exercise/Conversion
Restricted Stock Units
2022-06-27−13,228→ 0 total→ Common Stock (13,228 underlying)
Holdings
- 125,000
Restricted Stock Units
→ Common Stock (125,000 underlying)
Footnotes (3)
- [F1]On December 31, 2021, following the Company's 2021 annual meeting of stockholders, the reporting person was granted 125,000 restricted stock units as non-employee director equity compensation pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The restricted stock units vested on January 3, 2022, the first business day of 2022.
- [F2]Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock, which may be settled in shares of Common Stock or cash, as elected by the Compensation Committee of the Board of Directors of the Company.
- [F3]On August 13, 2019, the reporting person was granted 119,047 restricted stock units (before taking into account the one-for-three Reverse Stock Split effected by the Company on January 25, 2021) as non-employee director equity compensation pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The restricted stock units vested in equal installments at each of the 2020, 2021 and 2022 annual meetings.