Kalia Ranjan 4
4 · VIRTUSA CORP · Filed May 20, 2020
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Kalia Ranjan
SVP & Chief Financial Officer
Transactions
- Award
common stock
2020-05-18+28,156→ 96,744 total
Holdings
- 91,859(indirect: By Trust)
common stock
Footnotes (2)
- [F1]On 5/18/2020, the reporting person was granted shares of time-based restricted stock units issuable (upon full vest) for the number of shares listed above under the Company's 2015 Stock Option and Incentive Plan. The issuance price of the shares was determined based on the Company's equity award policy. The shares are subject to a three-year vesting period with one-third of the shares vesting annually on each June 1,2021, June 1,2022 and June 1,2023 respectively. The grantee has no voting rights with respect to the shares underlying the award until vested.
- [F2]These shares are held in a revocable trust ("the Trust") for the benefit of the reporting person who is the beneficiary and sole trustee of the Trust.