Hamilton Laird 4
4 · Laird Superfood, Inc. · Filed Feb 3, 2021
Insider Transaction Report
Form 4
Hamilton Laird
DirectorChief Innovator
Transactions
- Award
Performance Units
2021-02-01+21,314→ 21,314 totalExp: 2024-02-01→ Common Stock (21,314 underlying) - Award
Common Stock
2021-02-01+2,757→ 665,657 total - Award
Stock Option (right to buy)
2021-02-01+5,581→ 5,581 totalExercise: $43.53Exp: 2031-02-01→ Common Stock (5,581 underlying)
Footnotes (3)
- [F1]Represents a grant of restricted stock units. The restricted stock units vest over four years.
- [F2]Each performance unit represents a contingent right to receive one share of Company common stock. The performance units vest (i) 50% upon the volume weighted average price of the Company's common stock equaling or exceeding $100 per share over any 30 trading day period within the three years following the grant date, and (ii) subject to the satisfaction of such volume weighted average price criteria, 25% upon the later of the satisfaction of such volume weighted average price criteria and each of the second and third anniversaries of the grant date.
- [F3]The stock option vests over four years.