4//SEC Filing
Kordestani Omid 4
Accession 0001418091-21-000048
CIK 0001418091other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 8:44 PM ET
Size
11.4 KB
Accession
0001418091-21-000048
Insider Transaction Report
Form 4
TWITTER, INC.TWTR
Kordestani Omid
DirectorExecutive Chairman
Transactions
- Award
Common Stock
2021-02-28+20,800→ 183,810 total(indirect: See footnote) - Tax Payment
Common Stock
2021-03-01$77.06/sh−4,958$382,063→ 180,374 total(indirect: See footnote) - Award
Common Stock
2021-03-01+10,000→ 185,332 total(indirect: See footnote) - Tax Payment
Common Stock
2021-02-28$77.06/sh−8,478$653,315→ 175,332 total(indirect: See footnote)
Footnotes (5)
- [F1]The reported shares are represented by performance restricted stock units ("PRSUs") granted on April 8, 2019 and have vested based on the Company's achievement of certain performance targets over the last year that were set by the Compensation Committee for the performance period in the first quarter of 2019.
- [F2]Represents the vesting of shares underlying PRSUs earned by the Reporting Person upon achievement of certain performance criteria set by the Issuer's Compensation Committee for fiscal year 2019. The shares underlying the performance RSUs were originally reported at 100% of target. Pursuant to the performance targets set by the Compensation Committee, the Reporting Person was eligible to earn more or less than the target number, depending upon the achievement, if any, of the performance targets set by the Committee.
- [F3]These shares are held of record by the Omid Kordestani Revocable Trust dated June 8, 2011, for which the Reporting Person serves as Trustee.
- [F4]The shares reported as disposed of were withheld by the Issuer in order to cover withholding taxes in connection with the vesting of restricted stock units, or RSUs. These shares were not issued to or sold by the Reporting Person.
- [F5]The reported shares are represented by PRSUs granted on April 12, 2020 to which one-third of the PRSUs shall vest on March 1, 2021, and two-thirds of the PRSUs shall vest 50% on March 1, 2022 and 50% on March 1, 2023, so long as the Reporting Person continues to be a service provider of the Issuer. The vesting of the PRSUs is based on the Company's achievement of certain performance targets over the last year that were set by the Compensation Committee for the performance period in the first quarter of 2020.
Documents
Issuer
TWITTER, INC.
CIK 0001418091
Entity typeother
Related Parties
1- filerCIK 0001294397
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 8:44 PM ET
- Size
- 11.4 KB