Bates Jason R. 4
4 · Daseke, Inc. · Filed Apr 27, 2020
Insider Transaction Report
Form 4
Daseke, Inc.DSKE
Bates Jason R.
EVP & Chief Financial Officer
Transactions
- Award
Performance Restricted Stock Unit
2020-04-23+388,500→ 388,500 total→ Common Stock (388,500 underlying)
Footnotes (3)
- [F1]Each performance restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2](2) The awarded PSUs (the "Award") shall only be deemed fully vested when it has met both time- and performance-vesting conditions. The number of PSUs represent a target amount. The Award shall time-vest with respect to the total number of PSUs subject to the Award on April 20, 2023 (such period following the grant date, the "Performance Period"). The Award shall performance-vest as follows: (i) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $4.00 for any 20 out of 30 consecutive trading days during the Performance Period, (ii) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $6.00 for any 20 out of 30 consecutive trading days during the Performance Period, and (iii) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $9.00 for any 20 out of 30 consecutive trading days during the Performance Period.
- [F3]Not Applicable