Bennett Andrew Lee 4
4 · SMARTSHEET INC · Filed Dec 14, 2023
Insider Transaction Report
Form 4
SMARTSHEET INCSMAR
Bennett Andrew Lee
Chief Marketing Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2023-12-12+6,436→ 39,779 total - Award
Restricted Stock Units (RSU) (Class A)
2023-12-12+34,579→ 34,579 totalExp: 2033-12-12→ Class A Common Stock (34,579 underlying) - Exercise/Conversion
Performance Stock Unit (PSU) (Class A)
2023-12-12−6,436→ 0 totalExp: 2032-12-06→ Class A Common Stock (6,436 underlying) - Tax Payment
Class A Common Stock
2023-12-13$43.99/sh−2,533$111,427→ 37,246 total - Award
Performance Stock Unit (PSU) (Class A)
2023-12-12+6,436→ 6,436 totalExp: 2032-12-06→ Class A Common Stock (6,436 underlying)
Footnotes (6)
- [F1]Each PSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
- [F2]Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the PSUs and does not represent a sale by the reporting person.
- [F3]Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
- [F4]The RSUs vest as to 33.3% of the total shares on November 15, 2024, and then 8.33% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.
- [F5]The reporting person earned 6,436 PSUs upon the achievement of certain performance criteria as certified by the Compensation Committee of the issuer's Board of Directors ("Compensation Committee") on December 12, 2023.
- [F6]The PSUs became fully vested upon certification by the Compensation Committee.