4//SEC Filing
KINDER JOSEPH 4
Accession 0001104659-23-029138
CIK 0001552800other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:23 PM ET
Size
9.5 KB
Accession
0001104659-23-029138
Insider Transaction Report
Form 4
KINDER JOSEPH
SVP, Chief Merchant Officer
Transactions
- Disposition to Issuer
Common Stock
2023-03-02−9,187→ 79,721 total
Holdings
- 50,000
Stock Option (Right to Buy)
Exercise: $8.80Exp: 2028-07-20→ Common Stock (50,000 underlying) - 600(indirect: By Spouse)
Common Stock
- 26,900
Stock Option (Right to Buy)
Exercise: $8.50Exp: 2027-11-06→ Common Stock (26,900 underlying)
Footnotes (4)
- [F1]Represents forfeiture of unvested performance-based restricted stock granted in 2021 and 2022 as a result of the applicable performance targets not being achieved.
- [F2]Includes (i) 28,494 shares of restricted stock for which the risks of forfeiture will lapse as to 14,247 shares on each of 3/16/23 and 3/16/24; (ii) 5,073 shares of restricted stock for which the risks of forfeiture will lapse as to 2,533 shares on 3/15/23 and 2,540 shares on 3/15/24; (iii) 7,706 shares of restricted stock for which the risks of forfeiture will lapse in three equal annual installments on each of 3/7/23, 3/7/24 and 3/7/25; and
- [F3](iv) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Kinder remaining in continuous employment with the Issuer prior to and as of December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year: (A) 6,085 shares of performance-based restricted stock for which the risks of forfeiture will lapse on the date that the Issuer files its annual report for the year ending December 31, 2023 and (B) 10,788 shares of performance-based restricted stock for which the risks of forfeiture will lapse as to 30% and 40% of the initial number of shares granted on each of the dates that the Issuer files its annual report for the years ending December 31, 2023 and 2024, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
- [F4]Fully exercisable.
Documents
Issuer
TILE SHOP HOLDINGS, INC.
CIK 0001552800
Entity typeother
Related Parties
1- filerCIK 0001555217
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:23 PM ET
- Size
- 9.5 KB