Gillespie Michael Scott 4
4 · Byrna Technologies Inc. · Filed Dec 27, 2021
Insider Transaction Report
Form 4
Gillespie Michael Scott
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2021-12-22+200,000→ 200,000 total→ Common stock (200,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the common stock of Byrna Technologies Inc. or cash.
- [F2]The restricted stock units vest as follows: (i) one-third of the units are not subject to any price trigger; (ii)one-third of the units are triggered when the company's common stock trades above $30.00 on a 20-day volume weighted average closing price ("VWAP"), (iii) the final third of the units are triggered when the company's common stock trades above $40 on a 20-day volume weighted average closing price; and (iv) the reporting person must remain employed by the company until November 23, 2024 for the restricted stock untis to vest. The restricted stock units can be settled in cash or in shares of BYRN common stock on or before March 15, 2025.