Fabrega Anna M. 4
4 · Local Bounti Corporation/DE · Filed Jun 7, 2023
Insider Transaction Report
Form 4
Fabrega Anna M.
Chief Executive Officer
Transactions
- Award
Common Stock
2023-06-05+2,750,000→ 2,750,000 total
Footnotes (2)
- [F1]Represents 2,750,000 restricted stock units ("RSUs") issued under the Issuer's 2021 Equity Incentive Plan. The RSUs will vest in four equal installments on June 5, 2024, 2025, 2026 and 2027, subject to the continuous service of the Reporting Person on each vesting date. If the Reporting Person's employment terminates due to an Involuntary Termination (as defined in the Reporting Person's employment agreement) before June 5, 2024, the Reporting Person will be entitled to a prorated portion of the first annual vesting tranche calculated based on the number of full calendar months of employment divided by 12.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.