Fox Leslie B. 4
4 · Front Yard Residential Corp · Filed Jan 12, 2021
Insider Transaction Report
Form 4
FOX LESLIE B
Director
Transactions
- Disposition to Issuer
Common Stock
2021-01-11−16,289→ 0 total
Footnotes (1)
- [F1]Includes 16,289 restricted stock units ("RSUs"), which, upon vesting, settle for shares of common stock. In accordance with the terms of the Merger Agreement, at the effective time of the Merger, each of these RSUs (whether vested or unvested) was automatically cancelled in exchange for the right to receive a cash payment in the amount equal to (i) the product of (A) the number of Shares subject to such RSU immediately prior to the effective time of the Merger and (B) $16.25, plus (ii) the value as of the effective time of the Merger of all accrued but unpaid dividend equivalents with respect to such RSU, less any required withholding tax.