4//SEC Filing
KAHN BRIAN RANDALL 4
Accession 0001415889-23-004158
CIK 0001528930other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:05 PM ET
Size
10.1 KB
Accession
0001415889-23-004158
Insider Transaction Report
Form 4
Franchise Group, Inc.FRG FRGAP
KAHN BRIAN RANDALL
10% Owner
Transactions
- Exercise/Conversion
Common Stock
2023-03-02+120,968→ 9,176,559 total - Tax Payment
Common Stock
2023-03-02$29.94/sh−43,944$1,315,683→ 9,132,615 total - Exercise/Conversion
Performance Restricted Stock Units
2023-03-02−60,484→ 0 totalExercise: $0.00→ Common Stock (60,484 underlying)
Footnotes (4)
- [F1]Represents the conversion upon vesting of performance restricted stock units ("PRSU") into common stock upon the achievement of pre-established performance metrics at 200% of the target number of units, as approved and certified by the Company's Compensation Committee. Upon conversion of the PRSUs, the Reporting Person received 120,968 shares of common stock. Such PRSUs were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on March 9, 2020.
- [F2]Each PRSU represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock. The resulting number of shares of common stock acquired upon vesting of the PRSU is measured as as the achievement of certain metrics tied to adjusted EBITDA and free cash flow over a three-year performance period commencing on January 1, 2020 and ending on December 31, 2022. The target number of units subject to the award is presented in Table II. The number of units that were subject to vesting ranged from 0% to 200% of the target number of units based on achievement of performance targets.
- [F3]Reflects 43,944 shares withheld by Issuer at market price of $29.94 per share to fund the payment of taxes for the conversion.
- [F4]Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the Issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").
Documents
Issuer
Franchise Group, Inc.
CIK 0001528930
Entity typeother
Related Parties
1- filerCIK 0001455976
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:05 PM ET
- Size
- 10.1 KB