4//SEC Filing
Stibel Jeffrey M 4
Accession 0001286139-24-000082
CIK 0001286139other
Filed
Jul 9, 8:00 PM ET
Accepted
Jul 10, 6:10 PM ET
Size
10.9 KB
Accession
0001286139-24-000082
Insider Transaction Report
Form 4
Stibel Jeffrey M
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2024-07-09+535,031→ 5,987,794 total - Award
Common Stock
2024-07-09+5,350,318→ 5,452,763 total
Holdings
- 537,779(indirect: By Trust)
Common Stock
- 2,807,719(indirect: By Trust)
Common Stock
- 2,807,719(indirect: By Trust)
Common Stock
- 294,326(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]The shares of common stock represent performance-based restricted stock units ("PSUs"), with each PSU representing a contingent right to receive one share of the Issuer's common stock. The PSUs may vest, if at all, between 10% and 200% of the target grant date value ("GDV") based on the stock price targets achieved during a five-year performance period (subject to a 44-day extension in certain circumstances). The number of PSUs in Column 4 assumes the maximum stock price target is achieved, resulting in 200% of the target GDV becoming eligible PSUs. Stock price targets will be deemed achieved based on the volume weighted average closing price of the Issuer's common stock during a consecutive 45-day trading period. Upon the Compensation Committee's certification of achievement of a stock price target, 50% of the eligible PSUs will vest immediately and 50% will vest one year from such date, subject to the Reporting Person's continued employment as CEO through the vesting date.
- [F2]The shares of common stock represent time-based restricted stock units ("RSUs"), with each RSU representing a contingent right to receive one share of the Issuer's common stock. The RSUs vest in substantially equal quarterly installments over a four-year period measured from August 15, 2024, with the first vesting date being November 15, 2024, subject to the Reporting Person's continuous service with the Issuer on each such vesting date.
- [F3]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
LEGALZOOM.COM, INC.
CIK 0001286139
Entity typeother
Related Parties
1- filerCIK 0001334852
Filing Metadata
- Form type
- 4
- Filed
- Jul 9, 8:00 PM ET
- Accepted
- Jul 10, 6:10 PM ET
- Size
- 10.9 KB