4//SEC Filing
Wright Lee A. 4
Accession 0001179110-22-001588
CIK 0001528930other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 4:11 PM ET
Size
8.6 KB
Accession
0001179110-22-001588
Insider Transaction Report
Form 4
Wright Lee A.
Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2022-02-22+11,790→ 11,790 total→ Common Stock (11,790 underlying) - Award
Performance Restricted Stock Units
2022-02-22+11,790→ 11,790 total→ Common Stock (11,790 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
- [F2]The restricted stock units shall become fully vested on February 22, 2025, provided that the reporting person is in the employ of the Issuer at the time of such vesting.
- [F3]Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock ("Common Stock"). The maximum number of PRSUs is presented in the table. The resulting number of shares acquired upon vesting of the PRSU is measured based upon the achievement of certain performance metrics tied to adjusted EBITDA and free cash flow, as determined by the Compensation Committee at the time of grant, over a three-year performance period commencing on January 1, 2022 and ending on December 31, 2024 (the "Performance Period"). Vesting of the target level PRSUs will accelerate upon death, disability or qualified retirement in an amount equal to the proportion of days in the Performance Period worked. Vesting of the target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the Performance Period.
Documents
Issuer
Franchise Group, Inc.
CIK 0001528930
Entity typeother
Related Parties
1- filerCIK 0001531650
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 4:11 PM ET
- Size
- 8.6 KB