Hilberg Gary 4
4 · Local Bounti Corporation/DE · Filed Jan 26, 2022
Insider Transaction Report
Form 4
Hilberg Gary
Chief Sustainability Officer
Transactions
- Award
Common Stock
2022-01-24+550,000→ 1,007,654 total
Footnotes (2)
- [F1]The restricted stock units ("RSUs") were granted under the Company's 2021 Equity Incentive Plan, of which, subject to Mr. Hilberg's continued service with the Company on the applicable vesting date, 10% will vest on July 1, 2022 and the remaining RSUs will vest in three equal installments (of 30% each) on January 1, 2023, 2024 and 2025.
- [F2]Each RSU represents a contingent right to receive one share of the Company's common stock.