Bley Matthew W. 4
4 · CVR ENERGY INC · Filed Dec 11, 2020
Insider Transaction Report
Form 4
Bley Matthew W.
CAO and Corp. Controller
Transactions
- Award
Incentive Units
2020-12-09+15,563→ 15,563 total→ Common Stock (15,563 underlying) - Disposition to Issuer
Common Stock
2020-12-09$15.39/sh−1,230$18,930→ 0 total - Exercise/Conversion
Common Stock
2020-12-09+1,230→ 1,230 total - Exercise/Conversion
Incentive Units
2020-12-09−1,230→ 2,458 total→ Common Stock (1,230 underlying)
Footnotes (5)
- [F1]The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 13, 2019. These Incentive Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms and conditions of the award agreement.
- [F2]Each Incentive Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
- [F3]This price represents the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
- [F4]The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 9, 2020. These Incentive Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms and conditions of the award agreement.
- [F5]The Incentive Units expire immediately upon vest.