Symington John 4
4 · FRANK'S INTERNATIONAL N.V. · Filed Feb 22, 2021
Insider Transaction Report
Form 4
Symington John
SVP, GC, Sec. & CCO
Transactions
- Tax Payment
Common stock, par value Euro 0.01 per share
2021-02-18$3.24/sh−7,688$24,909→ 31,078 total - Exercise/Conversion
Restricted Stock Unit
2021-02-18−17,218→ 42,111 total→ Common Stock (17,218 underlying) - Exercise/Conversion
Common stock, par value Euro 0.01 per share
2021-02-18+17,218→ 38,766 total
Footnotes (4)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan, Frank's International N.V. (the "Issuer") withheld vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on February 18, 2021. The withholding of vested shares pursuant to this award was approved by the Board of Supervisory Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.
- [F3]On February 18, 2020, the reporting person was granted 51,653 RSUs vesting ratably in three annual installments beginning on February 18, 2021.
- [F4]Consists of (i) 34,435 RSUs that will vest ratably 50% on February 18, 2022, and 50% on February 18, 2023, (ii) 20,233 RSUs that will vest 50% on February 19, 2021, and 50% on February 19, 2022, and (ii) 8,166 RSUs that will vest on June 25, 2021.