Corbett William D. 4
4 · Innovative Payment Solutions, Inc. · Filed Jun 26, 2020
Insider Transaction Report
Form 4
Corbett William D.
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2020-06-24+5,123,750→ 6,113,138 total - Award
Common Stock
2020-06-24+15,371,250→ 21,484,388 total
Footnotes (2)
- [F1]Mr. Corbett received 5,123,750 shares of common stock for services rendered as CEO of the Innovative Payment Solutions, Inc. (the "Company").
- [F2]Mr. Corbett received 15,371,250 shares of restricted stock for services rendered as CEO of the Company. The forfeiture restrictions on the restricted stock lapse as to 33%, 33% and 34% of the grant on the one, two and three year anniversary of the grant date, subject to Mr. Corbett's continued service to the Company.