Frandsen Michael Lyle 4
4 · Zendesk, Inc. · Filed Feb 19, 2020
Insider Transaction Report
Form 4
Frandsen Michael Lyle
Director
Transactions
- Award
Common Stock
2020-02-15+131→ 8,569 total
Footnotes (2)
- [F1]Pursuant to the Issuer's Amended and Restated Non-Employee Director Compensation Policy, the Reporting Person has elected to receive fully-vested restricted stock units in lieu of the retainer fees payable for services on the Issuer's Board of Directors and any committees thereof. The number of shares of common stock issuable pursuant to the restricted stock units represents the quotient of (i) one-quarter of all applicable annual retainer fees divided by (ii) the average closing price of the Issuer's common stock over the 30 trading days prior to the date of grant.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.