Roy Kristopher H 4
4 · SP Plus Corp · Filed Mar 5, 2019
Insider Transaction Report
Form 4
Roy Kristopher H
VP, Corporate Controller
Transactions
- Award
Common Stock
2019-03-01$34.40/sh+1,562$53,733→ 1,562 total - Tax Payment
Common Stock
2019-03-05$33.91/sh−680$23,056→ 882 total
Footnotes (2)
- [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.