Jones Henry D. 4
4 · DYNEGY INC. · Filed Dec 21, 2017
Insider Transaction Report
Form 4
DYNEGY INC.DYN
Jones Henry D.
EVP & Chief Commercial Officer
Transactions
- Tax Payment
Common Stock
2017-12-19$11.47/sh−1,633$18,731→ 98,220 total
Footnotes (3)
- [F1]On December 19, 2017, the Dynegy Board of Directors (the "Board") approved the acceleration of vesting of restricted stock units granted in 2015 that were otherwise scheduled to vest on March 3, 2018. The Board approved the accelerated vesting, and the related withholding of shares to pay taxes, in order to mitigate potential adverse tax consequences of Section 280G of the Internal Revenue Code in connection with the pending merger of Dynegy Inc. with and into Vistra Energy Corp. The reported disposition represents the withholding of shares to cover tax obligations arising from the acceleration of 3,854 restricted stock units on December 19, 2017.
- [F2]Reflects the closing stock price on December 19, 2017.
- [F3]Amount includes 39,277 restricted stock units that vest in three annual equal installments beginning on March 1, 2018.