Guin Timothy W 4
4 · USA TRUCK INC · Filed Mar 1, 2022
Insider Transaction Report
Form 4
USA TRUCK INCUSAK
Guin Timothy W
EVP & Chief Commercial Officer
Transactions
- Award
Common Stock
2022-02-27+21,751→ 121,189 total - Tax Payment
Common Stock
2022-02-26$24.54/sh−1,410$34,601→ 109,917 total - Disposition to Issuer
Common Stock
2022-02-27−10,479→ 99,438 total
Footnotes (3)
- [F1]Represents shares surrendered to the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to the reporting person.
- [F2]Represents the forfeiture of restricted stock subject to performance-based vesting originally granted to the reporting person on February 26, 2019, due to the issuer not achieving the established performance targets.
- [F3]Represents an award of restricted stock to the reporting person under the USA Truck, Inc. 2014 Omnibus Incentive Plan, as amended. Of the reported restricted stock, (i) 5,461 shares are subject to time-based vesting in four approximately equal annual installments beginning on the first anniversary of the grant date and (ii) 8,190 shares are subject to performance-based vesting at the conclusion of a three-year performance period ending December 31, 2024 and (iii) 8,100 shares are subject to performance-based vesting at the conclusion of a two-year performance period ending December 31, 2023. Vesting of the restricted shares is subject to continued employment and certain vesting, forfeiture and termination provisions.