4//SEC Filing
SP Plus Corp 4
Accession 0001171843-17-001255
CIK 0001059262operating
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 8:13 PM ET
Size
7.5 KB
Accession
0001171843-17-001255
Insider Transaction Report
Form 4
JOHNSTON VANCE CUSHMAN
EVP, Finance
Transactions
- Award
Common Stock
2017-02-23$31.40/sh+7,266$228,152→ 14,784 total - Tax Payment
Common Stock
2017-02-27$31.33/sh−2,378$74,509→ 12,406 total
Footnotes (3)
- [F1]The acquisition of shares of SP Plus common stock represents the vesting of performance share units (PSUs) previously awarded to the reporting person on September 30, 2014, and made effective as of January 1, 2014, under the SP Plus Corporation Long-Term Incentive Plan. The PSUs were earned on February 23, 2017, and settled in shares of SP Plus common stock on a one-for-one basis. The PSUs vested solely upon achievement of pre-established performance targets for SP Plus's adjusted pre-tax free cash flow over a three-year performance period.
- [F2]Upon acquisition of the PSUs, the reporting person automatically sold, solely for purposes of satisfying the resulting tax-withholding obligations, a number of shares of SP Plus common stock sufficient to enable the reporting person to satisfy such tax-withholding obligations.
- [F3]Includes 7,518 restricted stock units previously granted to the reporting person.
Documents
Issuer
SP Plus Corp
CIK 0001059262
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001059262
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 8:13 PM ET
- Size
- 7.5 KB