Bayers William Frederick 4
4 · Houghton Mifflin Harcourt Co · Filed Mar 11, 2021
Insider Transaction Report
Form 4
Bayers William Frederick
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2021-03-09+17,419→ 87,065 total - Sale
Common Stock
2021-03-10$6.66/sh−7,872$52,428→ 79,193 total - Exercise/Conversion
Restricted Stock Units
2021-03-09−17,419→ 34,838 total→ Common Stock (17,419 underlying)
Footnotes (3)
- [F1]17,419 restricted stock units held by Mr. Bayers vested on March 9, 2021 and were settled in exchange for a like amount of shares of Houghton Mifflin Harcourt Company's (the "Company") common stock, subject to the sale of 7,872 shares of common stock to satisfy withholding obligations in connection with federal, state, local or other taxes required to be withheld or paid in connection with the settlement of the restricted stock units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F3]The remaining restricted stock units shall vest on March 9, 2022 and March 9, 2023, subject to continued employment with the Company.