REINSCH PHILLIP A 4
4 · CAPSTEAD MORTGAGE CORP · Filed Mar 1, 2021
Insider Transaction Report
Form 4
REINSCH PHILLIP A
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2021-02-25+25,443→ 532,234 total - Exercise/Conversion
Restricted Stock Units
2021-02-25−65,406→ 211,359 total→ Common Stock (65,406 underlying)
Footnotes (1)
- [F1]On January 3, 2018, the reporting person was granted 65,406 performance units (the "Units") which were convertible into common stock of the Issuer after the conclusion of the performance period beginning January 1, 2018 and ending December 31, 2020, with the conversion factor determined formulaically based on individual achievement of stated performance metrics outlined in the Issuer's 2018 Long-Term Award criteria, and the conversion date determined by the Issuer's Compensation Committee. As a result, 25,443 Units were converted into the Issuer's common stock on February 25, 2021, and 39,963 Units expired without converting into any common stock.