4//SEC Filing
Fabrega Anna M. 4
Accession 0001209191-23-035150
CIK 0001840780other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 5:05 PM ET
Size
5.5 KB
Accession
0001209191-23-035150
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.
Documents
Issuer
Local Bounti Corporation/DE
CIK 0001840780
Entity typeother
Related Parties
1- filerCIK 0001931076
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 5:05 PM ET
- Size
- 5.5 KB