Narayanan Sundararajan 4
4 · VIRTUSA CORP · Filed Sep 4, 2019
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Narayanan Sundararajan
EVP, CPO and Global Head of HR
Transactions
- Tax Payment
common stock
2019-09-03$36.10/sh−2,849$102,849→ 97,316 total
Footnotes (1)
- [F1]On 5/17/2018, the reporting person was granted a performance-based restricted stock unit award under the Company's 2015 Stock Option and Incentive Plan, which awards vest only upon the Company's achievement of two weighted performance metrics: revenue (50%) and non-GAAP operating income targets (50%) for fiscal year ending 3/31/19 ("FY19"). Based on the Company's achievement of i) revenue of $1,247.9 million and ii) Non-GAAP operating income of $123.2 million for FY19, 33% vested on 9/1/2019 and 67% will vest on 3/1/2021. On September 3, 2019 the Company withheld the number of shares listed above equal to the reporting person's tax liability thereon.