4//SEC Filing
DICKENS KIMBERLY L 4
Accession 0001225208-21-000394
CIK 0001494319other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 8:25 PM ET
Size
14.4 KB
Accession
0001225208-21-000394
Insider Transaction Report
Form 4
DICKENS KIMBERLY L
SVP, Chief HR Officer
Transactions
- Exercise/Conversion
Performance-Based Restricted Stock Units
2020-12-31−2,282→ 0 total→ Common Stock (2,282 underlying) - Exercise/Conversion
Common Stock
2020-12-31+2,282→ 3,875 total - Exercise/Conversion
Common Stock
2020-12-31+456→ 4,331 total - Tax Payment
Common Stock
2020-12-31$19.01/sh−801$15,227→ 3,530 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2020-12-31−456→ 2,282 total→ Common Stock (456 underlying)
Footnotes (6)
- [F1]Each performance-restricted stock unit ("PRSU") represents a contingent right to receive, at settlement, one share of common stock upon vesting. This transaction represents the settlement of PRSUs in shares of the Issuer's common stock on their scheduled vesting date.
- [F2]Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on settlement of PRSUs. No shares were sold.
- [F3]The reported number of securities represents the Tranche 2 2018 PRSUs (as defined in footnote 4) that were deemed earned on February 21, 2020 (following certification of the performance metric for the applicable performance period) and that vest on December 31, 2020.
- [F4]In 2018, the Reporting Person was granted an award of PRSUs ("2018 PRSUs"), split into four equally-weighted tranches, to be earned based on performance against predetermined Adjusted EBITDA and Adjusted Earnings Per Share performance goals over four equally-weighted measurement periods within the three-year period beginning January 1, 2018 and ending December 31, 2020. The first tranche of 2018 PRSUs ("Tranche 1 2018 PRSUs") was to be earned based on performance of predetermined Adjusted EBITDA and Adjusted Earnings Per Share performance goals during the period of January 1, 2018 to December 31, 2018. The second tranche of 2018 PRSUs ("Tranche 2 2018 PRSUs") was to be earned based on performance of predetermined Adjusted EBITDA and Adjusted Earnings Per Share performance goals during the period of January 1, 2019 to December 31, 2019 (continued in footnote 5).
- [F5](Continued from footnote 4) The third tranche of 2018 PRSUs ("Tranche 3 2018 PRSUs") was to be earned based on performance of predetermined Adjusted EBITDA and Adjusted Earnings Per Share performance goals during the period of January 1, 2020 to December 31, 2020. The fourth tranche of 2018 PRSUs("Tranche 4 2018 PRSUs") was to be earned based on performance of predetermined cumulative Adjusted EBITDA and Adjusted Earnings Per Share performance goals during the three-year period of January 1, 2018 to December 31, 2020. Each tranche would be deemed earned, if at all, following the certification of performance goal attainment by the Compensation Committee following the applicable performance period and would vest, subject to continued employment through such date, on December 31, 2020. Achievement of the performance goals for the Tranche 3 2018 PRSUs and the Tranche 4 PRSUs has not yet been certified.
- [F6]The reported number of securities represents the Tranche 1 2018 PRSUs that were deemed earned on February 6, 2019 (following certification of the performance metric for the applicable performance period) and that vest on December 31, 2020.
Documents
Issuer
Univar Solutions Inc.
CIK 0001494319
Entity typeother
Related Parties
1- filerCIK 0001287769
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 8:25 PM ET
- Size
- 14.4 KB