Bryan Michelle 4
4 · Intelsat S.A. · Filed May 27, 2020
Insider Transaction Report
Form 4
Intelsat S.A.INTEQ
Bryan Michelle
EVP, General Counsel
Transactions
- Disposition to Issuer
Restricted Share Units
2020-04-30−52,500→ 0 total→ Common Shares (52,500 underlying)
Holdings
- 110,530
Common Shares
- 29,000
Restricted Share Units
→ Common Shares (29,000 underlying) - 22,500
Restricted Share Units
→ Common Shares (22,500 underlying) - 18,118
Restricted Share Units
→ Common Shares (18,118 underlying)
Footnotes (5)
- [F1]Each restricted share unit ("RSU") represents a contingent right to receive one Common Share.
- [F2]On April 30, 2020 the RSUs granted on March 1, 2020 were cancelled. In exchange, the reporting person received a new performance-based incentive arrangement providing for the payment in cash of up to 82% of the grant date value of the RSUs, portions of which are to be received based upon achievement of objective performance criteria to be established by the Company's Compensation Committee.
- [F3]The RSUs vest in two equal annual installments beginning March 1, 2021.
- [F4]The RSUs will vest on March 1, 2021.
- [F5]The RSUs will vest on December 31, 2020.