4//SEC Filing
PETE CLINT J. 4
Accession 0001104659-22-116588
CIK 0001015155other
Filed
Nov 8, 7:00 PM ET
Accepted
Nov 9, 5:32 PM ET
Size
8.3 KB
Accession
0001104659-22-116588
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2022-11-07+48,750→ 248,578 total - Award
Phantom Stock
2022-11-07+26,250→ 26,250 total→ Common Stock (26,250 underlying)
Holdings
- 49,500(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]Performance-based restricted stock will vest, subject to achievement of performance goals, on July 31, 2023, pursuant to Charles & Colvard, Ltd.'s Fiscal 2023 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 the later of (i) July 31, 2023 or (ii) such date as the Compensation Committee determines achievement of performance goals. 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.
Documents
Issuer
CHARLES & COLVARD LTD
CIK 0001015155
Entity typeother
Related Parties
1- filerCIK 0001690219
Filing Metadata
- Form type
- 4
- Filed
- Nov 8, 7:00 PM ET
- Accepted
- Nov 9, 5:32 PM ET
- Size
- 8.3 KB