Parass TJ 4
4 · GTY Technology Holdings Inc. · Filed Feb 14, 2022
Insider Transaction Report
Form 4
Parass TJ
CEO of Questica
Transactions
- Award
Restricted Stock Units
2022-02-10+36,342→ 296,342 total→ Common Stock (36,342 underlying) - Disposition to Issuer
Performance Restricted Stock Units
2022-02-10−9,963→ 60,307 total→ Common Stock (9,963 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. If the reporting person remains employed with the issuer at such time, all the restricted stock units will vest on February 19, 2022. The restricted stock units may be settled in shares of the issuer's common stock and were granted as the reporting person's annual bonus for 2021, consistent with his waiver and consent to receive such bonus in cash, restricted stock units with a vesting period of no more than one year, or a combination of both.
- [F2]On February 10, 2022, 9,963 of the 70,000 performance-based restricted stock units granted on December 31, 2021 were forfeited because the reporting person did not achieve all performance goals for the relevant performance period. The remaining 60,037 performance-based restricted stock units will vest in substantially equal installments on February 19, 2022, February 19, 2023 and February 19, 2024 if the reporting person remains employed with the issuer at such time. The restricted stock units may be settled in shares of the issuer's common stock or cash.