4//SEC Filing
Spence Patrick 4
Accession 0001127602-24-026513
CIK 0001314727other
Filed
Nov 4, 7:00 PM ET
Accepted
Nov 5, 5:21 PM ET
Size
9.5 KB
Accession
0001127602-24-026513
Insider Transaction Report
Form 4
Sonos IncSONO
Spence Patrick
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Performance Share Units
2024-11-01−4,197→ 0 total→ Common Stock (4,197 underlying) - Exercise/Conversion
Common Stock
2024-11-01+4,197→ 1,062,771 total - Tax Payment
Common Stock
2024-11-01$12.53/sh−2,244$28,117→ 1,060,527 total
Footnotes (4)
- [F1]Vesting of performance share units ("PSUs") previously granted to the Reporting Person and earned in November 2023.
- [F2]Each PSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
- [F3]Reflects shares withheld to cover tax liability with respect to the vesting of PSUs. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were withheld by the Issuer in accordance with the agreement governing the PSUs to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and subsequent settlement of PSUs.
- [F4]Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Compensation, People, and Diversity & Inclusion Committee (the "Committee"). The number of shares reported represents the number of PSUs that were earned for fiscal 2023 as a result of the achievement of performance criteria, as determined by the Committee on November 6, 2023. These PSUs were granted on November 15, 2021. Such PSUs vested on November 1, 2024.
Documents
Issuer
Sonos Inc
CIK 0001314727
Entity typeother
Related Parties
1- filerCIK 0001743317
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 7:00 PM ET
- Accepted
- Nov 5, 5:21 PM ET
- Size
- 9.5 KB