4//SEC Filing
Levine David Michael 4
Accession 0001403256-23-000021
CIK 0001403256other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 6:11 PM ET
Size
19.7 KB
Accession
0001403256-23-000021
Insider Transaction Report
Form 4
Levine David Michael
Chief Legal Officer
Transactions
- Disposition to Issuer
Class A Shares
2023-01-01$8.66/sh−2,353$20,377→ 75,317 total - Exercise/Conversion
Class A Shares
2023-01-01+6,406→ 77,670 total - Exercise/Conversion
Class A Shares
2023-01-01+2,353→ 63,836 total - Exercise/Conversion
Class A Shares
2023-01-01+7,428→ 71,264 total - Tax Payment
Class A Shares
2023-01-01$8.66/sh−1,689$14,627→ 73,628 total - Exercise/Conversion
Class A Restricted Share Units
2023-01-01−2,353→ 4,702 total→ Class A Shares (2,353 underlying) - Exercise/Conversion
Class A Restricted Share Units
2023-01-01−7,428→ 7,426 total→ Class A Shares (7,428 underlying) - Exercise/Conversion
Class A Restricted Share Units
2023-01-01−6,406→ 0 total→ Class A Shares (6,406 underlying)
Footnotes (10)
- [F1]The amount shown represents the vesting of the Class A Restricted Share Units held by the Reporting Person.
- [F10]The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2020.
- [F2]Represents Class A Restricted Share Units settled in cash by the Issuer.
- [F3]Each Class A Restricted Share Unit represents, at the election of the administrator of the applicable plan (currently the Issuer's Compensation Committee), a right to receive one of the Issuer's Class A Shares or the cash value thereof, upon the vesting date.
- [F4]Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of Class A Restricted Share Units or Class A Restricted Shares.
- [F5]Includes 54,428 of Class A Restricted Shares, which is subject to both a service condition, vesting 1/3 on each of December 17, 2024, December 17, 2025 and December 17, 2026 (the "Service Condition") and a performance condition, vesting when total shareholder return (based on the closing price on the New York Stock Exchange of a Class A Share of the Issuer, and dividends paid thereon, following the grant date) equals or exceeds the Performance Thresholds, as defined below, for a period of 60 calendar days (the "Performance Condition"). The Performance Thresholds are as follows: 1/3 of Class A Restricted Shares vest if a total shareholder return of 25% is achieved; an additional 1/3 of Class A Restricted Shares vest if a total shareholder return of 39% is achieved; and the final 1/3 of Class A Restricted Shares vest if a total shareholder return of 53% is achieved, in each case based on a reference price of $24 per Class A Share.
- [F6]If a Class A Restricted Share described in the footnote above has not satisfied the Performance Condition by the seventh anniversary of the grant date, it will be forfeited and canceled immediately.
- [F7]Includes 4,702 outstanding Class A Restricted Shares granted on January 31, 2022. The remaining Class A Restricted Shares vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025.
- [F8]The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2022. The remaining Class A Restricted Share Units vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025.
- [F9]The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2021. The remaining Class A Restricted Share Units vest, subject to certain limited exceptions, on January 1, 2024.
Documents
Issuer
Sculptor Capital Management, Inc.
CIK 0001403256
Entity typeother
Related Parties
1- filerCIK 0001691807
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 6:11 PM ET
- Size
- 19.7 KB