4//SEC Filing
HALLMARK FINANCIAL SERVICES INC 4
Accession 0001181580-14-000023
$HALLCIK 0000819913operating
Filed
Sep 10, 8:00 PM ET
Accepted
Sep 11, 9:55 AM ET
Size
6.0 KB
Accession
0001181580-14-000023
Insider Transaction Report
Form 4
Anand Naveen
President & CEO
Transactions
- Award
RESTRICTED STOCK UNITS
2014-09-08+51,760→ 51,760 totalFrom: 2018-03-31Exp: 2018-03-31→ COMMON STOCK
Footnotes (1)
- [F1]Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on the compound average annual growth rate ("CAGR") in book value per share from January 1, 2015 to December 31, 2017, and earn a percentage of a share of common stock per restricted stock unit, as follows: (i) CAGR less than 9% earns 0%; (ii) 9% CAGR earns 50%; (iii) 10% CAGR earns 67%; (iv) 11% CAGR earns 83%; (v) 12% CAGR earns 100% shares; (vi) 13% CAGR earns 117%; (vii) 14% CAGR earns 133%; and (viii) 15% or greater CAGR earns 150%.
Documents
Issuer
HALLMARK FINANCIAL SERVICES INC
CIK 0000819913
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000819913
Filing Metadata
- Form type
- 4
- Filed
- Sep 10, 8:00 PM ET
- Accepted
- Sep 11, 9:55 AM ET
- Size
- 6.0 KB