CLOUGH WILLIAM J 4
4 · Orbital Energy Group, Inc. · Filed Apr 18, 2022
Insider Transaction Report
Form 4
CLOUGH WILLIAM J
DirectorCEO/President
Transactions
- Award
Restricted Stock Units
2022-04-13$2.05/sh+397,510$814,895→ 397,510 total→ Common Stock (397,510 underlying) - Disposition to Issuer
SARs
2022-04-13$1.62/sh−450,000$729,000→ 0 totalExercise: $1.00→ Common Stock - Disposition to Issuer
SARs
2022-04-13$0.88/sh−900,000$792,000→ 0 totalExercise: $2.89→ Common Stock - Award
Common Stock
2022-04-13+278,867→ 598,347 total
Footnotes (6)
- [F1]RSUs were granted in connection with cancellation of previously issued cash-settled SARS. Of the RSUs granted, 457,224 were fully vested and the remaining 397,510 will vest in equal installments on the first and second anniversaries of the date of issuance.
- [F2]RSUs are convertible to common shares on a one-to-one basis.
- [F3]RSUs do not have expiration dates.
- [F4]Fully vested RSUs, which were immediately convertible to common stock, were issued in connection with the cancellation of previously issued cash-settled SARs. 457,224 shares were granted and 178,357 were withheld for payroll taxes.
- [F5]450,000 SARs were exchanged for 355,861 RSUs, of which 323,109 were fully vested and immediately convertible into common stock and 32,752 will vest in equal installments on the first and second anniversaries of the date of issuance.
- [F6]900,000 SARs were exchanged for 498,873 RSUs, of which 134,115 were fully vested and immediately convertible into common stock and 364,758 will vest in equal installments on the first and second anniversaries of the date of issuance.