4//SEC Filing
Galbraith Steven M 4
Accession 0001140361-18-000471
CIK 0001399249other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:38 PM ET
Size
6.7 KB
Accession
0001140361-18-000471
Insider Transaction Report
Form 4
Galbraith Steven M
Director
Transactions
- Award
Phantom Class A common stock
2018-01-01$10.67/sh+8,434$89,991→ 108,091 total→ Class A common stock, par value $0.01 (8,434 underlying)
Footnotes (3)
- [F1]Issued in connection with the Reporting Person's 2018 non-employee director annual retainer in the amount of $85,000, and $5,000 annual retainer for service as Chairman of the Compensation Committee, both of which are payable at the director's option, either 100% in cash, 100% in shares of the Issuer's Class A common stock, or 50% payable in cash and 50% in shares of the Issuer's Class A common stock. All shares of the Issuer's Class A common stock were valued at the closing price on December 29, 2017.
- [F2]Each share of Phantom Class A common stock ("Phantom Stock") is the economic equivalent on one share of the Issuer's Class A common stock ("Common Stock"). The shares of Phantom Stock become payable in a single distribution of shares of Common Stock, at such time as elected by the Reporting Person at the time such deferral was made pursuant to Section 3.4 of the Pzena Investment Management, Inc. Non-Employee Director Deferred Compensation Plan (previously filed as Exhibit 10.1 to the Issuer's quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on November 9, 2009).
- [F3]Includes an aggregate of 3,673 shares of Phantom Stock issued in-kind as dividend payment in 2017.
Documents
Issuer
Pzena Investment Management, Inc.
CIK 0001399249
Entity typeother
Related Parties
1- filerCIK 0001411020
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:38 PM ET
- Size
- 6.7 KB