Duffy Michael J 4
4 · GTY Technology Holdings Inc. · Filed Feb 16, 2021
Insider Transaction Report
Form 4
Duffy Michael J
CEO of Citybase
Transactions
- Disposition to Issuer
Performance Restricted Stock Units
2020-03-12−100,000→ 200,000 total→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]Each performance based restricted stock unit ("PRSU") represents a contingent right to receive one share of the Issuer's common stock. If certain performance criteria are met and the Reporting Person remains employed by the Issuer on such date, the PRSUs will vest on February 19, 2022. The PRSUs may be settled in shares of the Issuer's common stock or cash. On March 12, 2020, one third of the PRSUs were forfeited due to the failure of the Reporting Person to achieve the performance objective for the relevant performance period.