Chavous Kevin 4
4 · Stride, Inc. · Filed Oct 8, 2021
Insider Transaction Report
Form 4
Stride, Inc.LRN
Chavous Kevin
Director
Transactions
- Exercise/Conversion
Restricted Stock Right
2021-10-06−350,167→ 0 total→ Common Stock (350,167 underlying) - Exercise/Conversion
Common Stock
2021-10-06+350,167→ 407,952 total - Tax Payment
Common Stock
2021-10-06$36.49/sh−157,927$5,762,756→ 250,025 total
Footnotes (2)
- [F1]Each restricted stock right represents a contingent right to receive one share of the Issuer's common stock. In accordance with the terms of the award granted on September 18, 2018, the restricted stock rights vested upon the Issuer's common stock achieving certain per share price targets based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release and certification by the Issuer's board of directors of the same.
- [F2]Represents the number of shares withheld by the Issuer upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the most recent prior market day.