JOHNSTON VANCE CUSHMAN 4
4 · SP Plus Corp · Filed Mar 5, 2019
Insider Transaction Report
Form 4
JOHNSTON VANCE CUSHMAN
EVP, Finance
Transactions
- Award
Common Stock
2019-03-01$34.40/sh+4,687$161,233→ 28,290 total - Tax Payment
Common Stock
2019-03-05$33.91/sh−1,810$61,370→ 26,480 total
Footnotes (3)
- [F1]The acquisition of shares of SP Plus Corporation common stock represents the vesting of performance share units (PSUs) previously awarded to the reporting person on January 1, 2016 under the SP Plus Long-Term Incentive Plan. The PSUs were earned on March 1, 2019, and settled in shares of SP Plus common stock on a one-for-one basis. The PSUs vested solely upon achievement of a pre-established performance goal 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 obligation, a number of shares of SP Plus common stock sufficient to enable the reporting person to satisfy such tax-withholding obligation.
- [F3]Includes 15,496 restricted stock units previously granted to the reporting person.