Seeton Eric F. 4
4 · Franchise Group, Inc. · Filed Mar 8, 2023
Insider Transaction Report
Form 4
Franchise Group, Inc.FRG FRGAP
Seeton Eric F.
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-03-06−6,720→ 0 total→ Common Stock (6,720 underlying) - Tax Payment
Common Stock
2023-03-06$29.20/sh−3,536$103,251→ 69,542 total - Exercise/Conversion
Common Stock
2023-03-06+6,720→ 73,078 total
Footnotes (4)
- [F1]Represents the conversion upon vesting of restricted stock units into Common Stock. On March 5, 2020, the reporting person was granted 20,161 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on March 5, 2023. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on March 9, 2020.
- [F2]Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
- [F3]Reflects 3,536 shares withheld by Issuer at market price of $29.20 per share to fund the payment of taxes for the conversion
- [F4]The restricted stock unit award was granted on March 5, 2020 and and one-third of the restricted stock units vested on March 5, 2023.