Snow Michael 4
4 · NEWMARK GROUP, INC. · Filed Sep 23, 2020
Insider Transaction Report
Form 4
Snow Michael
Director
Transactions
- Award
Class A common stock, par value $0.01 per share
2020-09-22+12,049→ 26,853 total
Holdings
- 12(indirect: See Footnote)
Class A common stock, par value $0.01 per share
Footnotes (3)
- [F1]The 12,049 shares of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock") are represented by 12,049 restricted stock units ("RSUs") granted under the Newmark Group, Inc. Long Term Incentive Plan. Each RSU represents a contingent right to receive one share of Class A Common Stock. Of the 12,049 RSUs, 6,025 RSUs will vest on September 22, 2021 and 6,024 RSUs will vest on September 22, 2022, provided that the reporting person continues to serve as a member of the Board of Directors on such dates.
- [F2]Includes 5,291 RSUs granted on September 24, 2019, 2,646 RSUs of which will vest on September 24, 2020 and 2,645 RSUs will vest on September 24, 2021 and 2,256 RSUs granted on September 25, 2018 all of which will vest on September 25, 2020, provided that the reporting person continues to serve as a member of the Board of Directors on such dates.
- [F3]On November 30, 2018, BGC Partners, Inc. ("BGC") distributed all of the shares of Class A common stock of Newmark held by it to the holders of record of shares of Class A common stock, par value $0.01 per share, of BGC, as of November 23, 2018 on a pro rata basis (the "Distribution"). The reporting person's son, who is a member of his household, received 12 shares of Class A common stock in the Distribution in a transaction exempt pursuant to Rules 16a-9 and 16a-10 under the Securities Exchange Act of 1934, as amended.