Encalada Arjona Carlos Enrique 4
4 · DELTA APPAREL, INC · Filed Jan 2, 2024
Insider Transaction Report
Form 4
Encalada Arjona Carlos Enrique
V.P. of Manufacturing
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-12-28−2,500→ 0 total→ Common Stock (2,500 underlying) - Exercise/Conversion
Common Stock
2023-12-28+2,500→ 4,654 total - Disposition to Issuer
Common Stock
2023-12-28$7.39/sh−1,250$9,238→ 3,404 total
Footnotes (4)
- [F1]These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F2]Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.
- [F3]These shares were disposed of in connection with the conversion of one-half of the 2,500 vested restricted stock units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
- [F4]The restricted stock units vested upon the December 28, 2023, filing of the Company's Annual Report on Form 10-K for its fiscal year ended September 30, 2023.