Lutz Ronald Wayne 4
4 · SPAR Group, Inc. · Filed Oct 11, 2022
Insider Transaction Report
Form 4
SPAR Group, Inc.SGRP
Lutz Ronald Wayne
Chief Global CommercialOfficer
Transactions
- Conversion
Restricted Stock Units, Based on Common Stock $.01 Par Value
2022-08-02−26,882→ 0 totalExercise: $0.00From: 2022-08-02→ Common Stock, $0.1 par value (26,882 underlying)
Footnotes (4)
- [F1]On August 2, 2021, the Reporting Person received an award for Restricted Stock Units (RSUs) for $50,000 of shares of SGRP's Common Stock having a value of its market price of $1.86 per share on the day awarded, which equals 26,882 shares of SGRP's Common Stock. The RSUs are scheduled to vest and will be payable in cash or Common Stock (at the option of the Issuer) on August 2, 2022, subject to certain conditions, but no exercise price or other payment for such shares is required.
- [F2]Not applicable.
- [F3]There was no conversion price to be paid.
- [F4]On the date the RSU's vested and were replaced with common stock, the value was $1.15 per share.