Tedesco David C 4
4 · Global Water Resources, Inc. · Filed Mar 19, 2021
Insider Transaction Report
Form 4
Tedesco David C
Director
Transactions
- Award
Restricted Stock Units
2021-03-17+725→ 5,324 total→ Common Stock (725 underlying)
Holdings
- 51,579
Deferred Phantom Unit
→ Common Stock (51,579 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of common stock of Global Water Resources, Inc. ("the Company").
- [F2]The RSUs are fully vested upon grant. In addition, the RSUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Reference is made to the Global Water Resources, Inc. 2020 Omnibus Incentive Plan incorporated by reference in our latest Form 10-K.
- [F3]Following the effective date of the 2020 Omnibus Incentive Plan, directors receive RSUs instead of DPUs. Accordingly, the reported numbers of RSUs and DPUs have been updated (and corrected from previous filings) to reflect the adoption of the 2020 Omnibus Incentive Plan.
- [F4]Each deferred phantom unit ("DPU") is the economic equivalent to one share of common stock of Global Water Resources, Inc. ("the Company").
- [F5]The DPUs are fully vested upon grant. In addition, the DPUs are only permitted to be redeemed upon the reporting person ceasing to be a director of the Company. Reference is made to the Global Water Resources, Inc. Deferred Phantom Stock Unit Plan and amendments thereto incorporated by reference in our latest Form 10-K.