Ritchea Dava 4
4 · Sculptor Capital Management, Inc. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Ritchea Dava
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Restricted Share Units
2023-01-01−14,262→ 28,517 total→ Class A Shares (14,262 underlying) - Disposition to Issuer
Class A Shares
2023-01-01$8.66/sh−14,262$123,509→ 146,280 total - Tax Payment
Class A Shares
2023-01-01$8.66/sh−2,047$17,727→ 144,233 total - Exercise/Conversion
Class A Shares
2023-01-01+14,262→ 160,542 total
Footnotes (7)
- [F1]The amount shown represents the vesting of the Class A Restricted Share Units held by the Reporting Person.
- [F2]Represents Class A Restricted Share Units settled in cash by the Issuer.
- [F3]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 Shares.
- [F4]Includes 103,500 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.
- [F5]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.
- [F6]Includes 28,518 of 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.
- [F7]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.