Dhir Samir 4
4 · VIRTUSA CORP · Filed Mar 4, 2020
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Dhir Samir
SVP, Global Services
Transactions
- Tax Payment
Common Stock
2020-03-02$44.62/sh−12,497$557,616→ 131,642 total
Footnotes (1)
- [F1]On 8/10/2017, 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 3/31/2018 ("FY18"). Based on the Company's achievement of i) revenue of $1,020.67 million and ii) non-GAAP operating income of $87.08 million for FY18, 185.54% of the target shares were earned, of which 33% vested on 9/1/2018 and 67% vest on 3/1/2020, based on continued service of the reporting person. On 3/2/2020, the Company withheld the number of shares listed above equal to the reporting person's tax liability thereon.