4//SEC Filing
Lolmaugh Cabell 4
Accession 0001104659-24-030678
CIK 0001552800other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 9:34 PM ET
Size
12.6 KB
Accession
0001104659-24-030678
Insider Transaction Report
Form 4
Lolmaugh Cabell
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2024-03-04+15,125→ 211,636 total - Award
Common Stock
2024-03-04+30,249→ 241,885 total
Holdings
- 56,000
Stock Option (Right to Buy)
Exercise: $5.55Exp: 2028-02-22→ Common Stock (56,000 underlying) - 26,900
Stock Option (Right to Buy)
Exercise: $8.50Exp: 2027-11-06→ Common Stock (26,900 underlying) - 97,067
Stock Option (Right to Buy)
Exercise: $6.26Exp: 2029-02-20→ Common Stock (97,067 underlying)
Footnotes (5)
- [F1]Represents shares of restricted stock for which the risks of forfeiture will lapse in three equal annual installments on each of 3/4/25, 3/4/26 and 3/4/27, subject to continuous employment as of the applicable vesting date.
- [F2]Represents shares of performance-based restricted stock for which the risks of forfeiture will lapse as to 30% of the shares on the date the Issuer files its annual report for the year ending December 31, 2024, 30% of the shares on the date the Issuer files its annual report for the year ending December 31, 2025, and 40% of the shares on the date the Issuer files its annual report for the year ending December 31, 2026, subject to (i) Mr. Lolmaugh remaining in continuous employment with the Issuer through December 31 of the year preceding the applicable vesting date and (ii) the Issuer achieving 12%, 14% and 15% of adjusted pre-tax return on capital employed for each respective year.
- [F3]Includes (i) 28,494 shares of restricted stock for which the risks of forfeiture will lapse on 3/16/24; (ii) 5,081 shares of restricted stock for which the risks of forfeiture will lapse on 3/15/24; (iii) 10,274 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/7/24 and 3/7/25; (iv) 18,520 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/6/24, 3/6/25 and 3/6/26; (v) 15,125 shares for which the risks of forfeiture will lapse in equal annual installments on each of 3/4/25, 3/4/26 and 3/4/27; and
- [F4](vi) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Lolmaugh remaining in continuous employment with the Issuer through December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year: (A) 12,329 shares for which the risks of forfeiture will lapse on the date the Issuer files its annual report for the 2024 fiscal year; (B) 25,927 shares 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 the Issuer files its annual report for the 2024 and 2025 fiscal years, respectively; and (C) 30,249 shares for which the risks of forfeiture will lapse as to 30%, 30% and 40% on each of the dates the Issuer files its annual report for the 2024, 2025 and 2026 fiscal years, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
- [F5]Fully exercisable.
Documents
Issuer
TILE SHOP HOLDINGS, INC.
CIK 0001552800
Entity typeother
Related Parties
1- filerCIK 0001731797
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 9:34 PM ET
- Size
- 12.6 KB