Allen Stephen L 4
4 · MCDERMOTT INTERNATIONAL INC · Filed Mar 1, 2019
Insider Transaction Report
Form 4
Allen Stephen L
SVP - Human Resources
Transactions
- Award
Restricted Stock Units
2019-02-27+44,580→ 44,580 total→ Common Stock (44,580 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive the value of one share of MDR common stock, with such restricted stock units to be paid, in the sole discretion of the Compensation Committee: (i) in shares of MDR common stock, (ii) cash equal to the fair market value of the shares of MDR common stock otherwise deliverable, or (iii) any combination thereof.
- [F2]The restricted stock units vest in three equal annual installments beginning February 27, 2020.