4//SEC Filing
Sacks Robert N 4
Accession 0001171843-19-001536
CIK 0001059262other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 8:50 PM ET
Size
7.4 KB
Accession
0001171843-19-001536
Insider Transaction Report
Form 4
Sacks Robert N
Executive VP, General Counsel
Transactions
- Tax Payment
Common Stock
2019-03-05$33.91/sh−1,245$42,213→ 27,665 total - Award
Common Stock
2019-03-01$34.40/sh+3,124$107,466→ 28,910 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]The reporting person holds the shares in a joint account with his spouse.
Documents
Issuer
SP Plus Corp
CIK 0001059262
Entity typeother
Related Parties
1- filerCIK 0001291190
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 8:50 PM ET
- Size
- 7.4 KB