4//SEC Filing
McGranahan John Russell 4
Accession 0001104659-22-129539
CIK 0001651052other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 4:30 PM ET
Size
10.9 KB
Accession
0001104659-22-129539
Insider Transaction Report
Form 4
McGranahan John Russell
General Counsel
Transactions
- Tax Payment
Common Units in Focus Financial Partners, LLC
2022-12-22$37.71/sh−757$28,546→ 11,674 total→ Class A Common Stock (757 underlying)
Holdings
- 11,306
Common Units in Focus Financial Partners, LLC
→ Class A Common Stock (11,306 underlying) - 100
Common Units in Focus Financial Partners, LLC
→ Class A Common Stock (100 underlying) - 4,210
Common Units in Focus Financial Partners, LLC
→ Class A Common Stock (4,210 underlying)
Footnotes (6)
- [F1]As previously reported, on December 22, 2021, the Reporting Person acquired 12,431 unvested common units that vest in four equal installments on each anniversary of December 22, 2021. Vested common units are exchangeable (together with an equal number of shares of Class B common stock), subject to certain restrictions in the Fourth Amended and Restated Operating Agreement of Focus Financial Partners, LLC ("Focus LLC"), for (i) an equal number of shares of the Issuer's Class A common stock or, (ii) at the election of the Issuer, cash.
- [F2]On December 22, 2022, 3,108 of the Reporting Person's unvested common units vested and 757 of such common units were withheld by the Issuer to satisfy the tax obligations upon vesting. The number of common units withheld was based on the closing price of the Issuer's Class A common stock on December 21, 2022.
- [F3]As of the date of this report, 2,351 of these common units are vested and 9,323 of these common units are unvested.
- [F4]Vested common units are exchangeable (together with an equal number of shares of Class B common stock), subject to certain restrictions in the Fourth Amended and Restated Operating Agreement of Focus LLC, for (i) an equal number of shares of the Issuer's Class A common stock or, (ii) at the election of the Issuer, cash.
- [F5]These common units will vest in four equal installments on each anniversary of December 7, 2020. As of the date of this report, 1,683 of these common units are vested and 2,527 of these common units are unvested.
- [F6]These common units will vest in four equal installments on each anniversary of December 12, 2022.
Documents
Issuer
Focus Financial Partners Inc.
CIK 0001651052
Entity typeother
Related Parties
1- filerCIK 0001796907
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 4:30 PM ET
- Size
- 10.9 KB