4//SEC Filing
Davis Mark Burton 4
Accession 0001104659-25-020997
CIK 0001552800other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 6:21 PM ET
Size
12.3 KB
Accession
0001104659-25-020997
Insider Transaction Report
Form 4
Davis Mark Burton
Senior VP, CFO and Secretary
Transactions
- Award
Common Stock
2025-03-03+9,028→ 114,471 total - Award
Common Stock
2025-03-03+18,055→ 132,526 total - Tax Payment
Common Stock
2025-03-04$7.07/sh−906$6,405→ 131,620 total
Holdings
- 5,400
Stock Option (Right to Buy)
Exercise: $8.50Exp: 2027-11-06→ Common Stock (5,400 underlying)
Footnotes (6)
- [F1]Represents shares of restricted stock for which the risks of forfeiture will lapse in three equal annual installments on each of 3/3/26, 3/3/27 and 3/3/28, 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, 2025, 30% of the shares on the date the Issuer files its annual report for the year ending December 31, 2026, and 40% of the shares on the date the Issuer files its annual report for the year ending December 31, 2027, subject to (i) Mr. Davis remaining in continuous employment with the Issuer through December 31 of the year preceding the applicable vesting date and (ii) the Issuer achieving 10%, 12% and 14% of adjusted pre-tax return on capital employed for each respective year.
- [F3]The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the Issuer to withhold shares otherwise issuable upon vesting of the previously reported grant.
- [F4]Includes (i) 2,568 shares of restricted stock for which the risks of forfeiture will lapse on 3/7/25; (ii) 6,173 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/6/25 and 3/6/26; (iii) 5,041 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/4/26 and 3/4/27; (iv) 2,464 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 5/13/25, 5/13/26 and 5/13/27; (v) 9,028 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/3/26, 3/3/27 and 3/3/28; and (vi) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Davis 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:
- [F5](cont.) (A) 7,407 shares for which the risks of forfeiture will lapse on the date the Issuer files its annual report for the 2025 fiscal year; (B) 10,587 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 2025 and 2026 fiscal years, respectively; (C) 4,928 shares for which the risks of forfeiture will lapse as to 30%, 30% and 40% on each of May 13, 2025 and the dates the Issuer files its annual report for the 2025 and 2026 fiscal years, respectively; and (D) 18,055 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 2025, 2026 and 2027 fiscal years, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
- [F6]Fully exercisable.
Documents
Issuer
TILE SHOP HOLDINGS, INC.
CIK 0001552800
Entity typeother
Related Parties
1- filerCIK 0001787766
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 6:21 PM ET
- Size
- 12.3 KB