Boyd Timothy D 4
4 · Peak Resorts Inc · Filed Jun 28, 2019
Insider Transaction Report
Form 4
Peak Resorts IncSKIS
Boyd Timothy D
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Units
2019-06-26+28,335→ 28,335 total→ Common Stock (28,335 underlying)
Footnotes (2)
- [F1]The restricted stock units ("RSUs") give the reporting person the right to receive (i) the number of shares of common stock underlying the RSUs or (ii) as may be elected by the compensation committee, cash equal to the closing sale price per share of common stock on the trading day immediately prior to the distribution date times the number of shares underlying the RSUs. The RSUs were granted pursuant to the terms of the registrant's Annual Incentive Plan.
- [F2]One-third of the RSU award vested immediately on the grant date, and one-third will vest on each of the first and second anniversaries of the grant date, provided that the reporting person is employed by the registrant at that time. Vested RSUs will be distributed to the reporting person immediately upon vesting.