4//SEC Filing
RITTICHIER JEFFREY 4
Accession 0001214659-23-004235
CIK 0000808326other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 4:08 PM ET
Size
10.3 KB
Accession
0001214659-23-004235
Insider Transaction Report
Form 4
EMCORE CORPEMKR
RITTICHIER JEFFREY
DirectorChief Executive Officer
Transactions
- Award
Restricted Stock Units
2023-03-23+217,100→ 683,900 total - Tax Payment
Common Stock
2023-03-23$1.15/sh−19,678$22,630→ 664,222 total - Award
Performance-Based Restricted Stock Units (PSUs)
2023-03-23+217,100→ 217,100 total→ Common Stock (217,100 underlying)
Footnotes (5)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of EMCORE common stock. The RSUs were issued pursuant to the Amended and Restated EMCORE Corporation 2019 Equity Incentive Plan. The RSUs vest as to 1/4 of the underlying shares on each of the first four anniversaries of the grant date, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
- [F2]On April 27, 2022, the Reporting Person filed a Form 4 which inadvertently reported that he directly owned 400,134 shares of Common Stock. The Reporting Person directly owned 466,800 shares of Common Stock following the transactions reported on such Form 4.
- [F3]On March 23, 2021, the Reporting Person was granted 130,000 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date, which grant was previously reported on a Form 4, Table I. The Reporting Person vested in 32,500 shares on March 23, 2023 from this RSU award. The number of shares reported here represents the number of shares required to be withheld in accordance with Rule 16b-3 to cover the Reporting Person's tax withholding obligation in connection with the vesting of the RSUs on March 23, 2023.
- [F4]Each Performance-Based Restricted Stock Unit (PSU) represents a contingent right to receive one share of EMCORE common stock, based on a threshold average closing share price for EMCORE's common stock, as set by the Compensation Committee of the Board of Directors, during any 30-day period within the three-year period following the grant date.
- [F5]Either zero (0) or 100% of the PSUs will vest, if at all, on March 23, 2026, subject to the Reporting Person's continued service with the Issuer through such date.
Documents
Issuer
EMCORE CORP
CIK 0000808326
Entity typeother
Related Parties
1- filerCIK 0001628825
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 4:08 PM ET
- Size
- 10.3 KB