4//SEC Filing
Gray Stephen H 4
Accession 0001225208-20-005815
CIK 0001555039other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 8:41 PM ET
Size
7.9 KB
Accession
0001225208-20-005815
Insider Transaction Report
Form 4
Gray Stephen H
General Counsel & Secretary
Transactions
- Disposition to Issuer
Common Stock
2020-03-30$11.94/sh−7,119$85,001→ 103,218 total - Award
Common Stock
2020-03-30+31,109→ 110,337 total
Footnotes (5)
- [F1]On March 29, 2019, the Company granted 31,109 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"). If the Performance Goal is achieved within the first year of grant, the market-based RSUs commence vesting on the one-year anniversary of grant or the next business day if the anniversary is on a weekend or holiday. In 2019, the Performance Goal was attained, and the first installment of 10,370 shares vested on March 30, 2020. 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 77,902 remaining unvested service-based and market-based RSUs, which, upon vesting, settle for shares of Common Stock, subject to acceleration or forfeiture.
- [F4]Such 7,119 shares were forfeited by the reporting person to cover the tax withholdings on the March 30, 2020 vesting of Common Stock pursuant to the terms of the Company's 2016 Equity Incentive Plan and under the service-based RSU Agreement and the market-based RSU Agreement between the reporting person and the Company, each dated March 29, 2019. The price per share used to determine the tax withholdings was the closing share price of the Company's Common Stock on the March 30, 2019 vesting date.
- [F5]Includes an aggregate of 69,631 remaining unvested service-based and market-based RSUs, which, upon vesting, settle for shares of Common Stock, subject to acceleration or forfeiture.
Documents
Issuer
Front Yard Residential Corp
CIK 0001555039
Entity typeother
Related Parties
1- filerCIK 0001358358
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 8:41 PM ET
- Size
- 7.9 KB