Turner Lance R. 4
4 · TRIUMPH GROUP INC · Filed May 22, 2020
Insider Transaction Report
Form 4
Turner Lance R.
SVP, Human Resources
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-05-20−1,772→ 3,546 total→ Common Stock (1,772 underlying) - Exercise/Conversion
Common Stock
2020-05-20+1,772→ 7,502 total - Tax Payment
Common Stock
2020-05-20$5.50/sh−487$2,679→ 7,015 total
Footnotes (3)
- [F1]This transaction represents the payment of a tax liability on the lapse of forfeiture restrictions on a derivative security and acquisition of the underlying shares.
- [F2]Each restricted stock unit represents the right to receive one share of the Registrant's common stock.
- [F3]Forfeiture restrictions will lapse on the remaining restricted stock units by one half each on May 20, 2021 and May 20, 2022. Earlier potential lapse of forfeiture events set forth in the Company's severance plans apply to this award.