O'CONNELL DON 4
4 · CHARLES & COLVARD LTD · Filed Oct 17, 2023
Insider Transaction Report
Form 4
O'CONNELL DON
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Common Stock
2023-10-13−97,500→ 451,114 total
Footnotes (1)
- [F1]Represents cancellation of 97,500 shares of performance-based restricted stock originally granted on November 7, 2022 pursuant to Charles & Colvard, Ltd.'s Fiscal 2023 Senior Management Equity Incentive Program (the "Plan"). These shares were cancelled because the performance goals associated with the grant were not achieved at the target level. An additional 52,500 shares of performance-based phantom stock were forfeited pursuant to the Plan because the performance goals associated with the grant were not achieved at the target level.