Chilton Anton 4
4 · QAD INC · Filed May 25, 2021
Insider Transaction Report
Form 4
QAD INCQADA_QADB
Chilton Anton
EVP, Global Services
Transactions
- Award
Performance Stock Units
2021-05-21+22,000→ 22,000 totalExercise: $0.00→ Class A Common Stock (22,000 underlying) - Award
Class A Common Stock
2021-05-21+22,000→ 77,444 total - Award
Class A Common Stock
2021-05-21+37,000→ 114,444 total
Footnotes (5)
- [F1]Grant of restricted stock units ("RSUs") that are common stock equivalents and may be settled solely in shares of the issuer's Class A Common Stock.
- [F2]RSUs vest one-quarter per year on the anniversary date of the grant over four years.
- [F3]Represents a grant of performance stock units ("PSUs") to acquire the issuer's Class A common stock. The PSUs vest one-third per year on the anniversary date of the grant over three years, subject to the satisfaction of a two-factor performance-related milestone. The number of shares reflected is the target number of shares which may be acquired in the aggregate by the reporting person. The actual number of shares that may ultimately be delivered ranges from zero to 44,000.
- [F4]See footnote 3. PSUs have no exercise date.
- [F5]Not applicable.