Flynn Mark R. 4
4 · Tower International, Inc. · Filed Mar 8, 2018
Insider Transaction Report
Form 4
Flynn Mark R.
SVP, Global Human Resources
Transactions
- Award
Restricted Stock Units
2018-03-06+3,429→ 3,429 total→ Common Stock, Par Value $0.01 Per Share (3,429 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (collectively, the "RSUs") represents a contingent right to receive one share of the common stock, par value $0.01 per share (the "Common Stock") of Tower International, Inc. (the "Company").
- [F2]These RSUs will vest ratably on March 6, 2019, March 6, 2020, and March 6, 2021; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company, as defined in the Tower International, Inc. 2010 Equity Incentive Plan (the "Plan"), or if the reporting person's employment terminates due to death or disability. There is no expiration date.