4//SEC Filing
Ellison George G 4
Accession 0001225208-20-000383
CIK 0001555039other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 8:01 PM ET
Size
7.3 KB
Accession
0001225208-20-000383
Insider Transaction Report
Form 4
Ellison George G
President
Transactions
- Disposition to Issuer
Common Stock
2019-12-31$12.34/sh−13,438$165,825→ 562,882 total - Award
Common Stock
2019-12-31+103,306→ 576,320 total
Footnotes (4)
- [F1]On May 24, 2018, the Company granted 103,306 market-based restricted stock units ("RSUs") to the reporting person, pursuant to which vesting was contingent upon the price of the Company's Common Stock meeting a prescribed performance goal (the "Performance Goal"). On December 31, 2019, the Performance Goal was attained, and the first installment of 34,436 shares vested. The remaining portion of the market-based RSUs vest in equal annual installments on each of the second and third anniversaries of the grant date, subject to acceleration or forfeiture, and upon vesting, settle for shares of Common Stock.
- [F2]Not applicable.
- [F3]Includes an aggregate of 219,019 remaining unvested service-based and market-based RSUs, which, upon vesting, settle for shares of Common Stock, subject to acceleration or forfeiture.
- [F4]Such 13,438 shares were forfeited by the reporting person to cover the tax withholdings on the vesting of his Common Stock pursuant to the terms of the Company's 2016 Equity Incentive Plan and the market-based RSU Agreement between the reporting person and the Company. The price per share used to determine the tax withholdings was the closing share price of the Company's Common Stock on the vesting date, which was December 31, 2019.
Documents
Issuer
Front Yard Residential Corp
CIK 0001555039
Entity typeother
Related Parties
1- filerCIK 0001634612
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 8:01 PM ET
- Size
- 7.3 KB