Wager Michael 4
4 · Byrna Technologies Inc. · Filed Dec 27, 2021
Insider Transaction Report
Form 4
Wager Michael
Chief Strategy Officer
Transactions
- Award
Restricted Stock Units
2021-12-22+90,000→ 90,000 total→ Common stock (90,000 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 VWAP; and (iv) the reporting person must remain employed by the company until August 31, 2023 for the restricted stock units to vest. The restricted stock units can be settled in cash or in shares of BYRN common stock on or before March 15, 2024.