MINGES TIM 4
4 · TUPPERWARE BRANDS CORP · Filed May 6, 2021
Insider Transaction Report
Form 4
MINGES TIM
Director
Transactions
- Award
Common Stock
2021-05-04+6,154→ 6,154 total
Footnotes (1)
- [F1]Restricted Stock Unit award that vests upon the reporting person's retirement from the Issuer's board, at which time the units convert into Tupperware Brands Corporation common stock on a one-for-one basis. On May 4, 2021, the Compensation and Human Capital Committee (the "Committee") of the Issuer's Board of Directors approved equity awards to non-employee directors that are tied to service on the Board during the May 2021 to May 2022 term, as compared to service on the Board during the calendar year (as prior annual non-employee director equity grants had been structured). As a result of this change in approach, the Committee approved a one-time "true-up" payment of Restricted Stock Units that is in addition to the annual grant of $130,000 in value of Restricted Stock Units that each non-employee director receives.