BENTON CHARLES F 4
4 · Transportation & Logistics Systems, Inc. · Filed Jun 2, 2022
Insider Transaction Report
Form 4
BENTON CHARLES F
Director
Transactions
- Award
Common Stock
2022-03-11$0.01/sh+1,818,182$20,000→ 1,818,182 total
Footnotes (1)
- [F1]On 3/11/22, the Company made restricted stock awards, in equal amounts, to the three (3) independent members of the Company's board of directors (i.e., Messrs. Mercadante, Newton, and Benton), covering an aggregate of 5,454,546 shares of Common Stock, at $0.011 per common share, based on the quoted closing price of the Common Stock on the measurement date. These shares vest in equal four (4) quarterly installments with the first installment of 1,363,636.50 shares vesting on 3/31/22, and 1,363,636.50 shares vesting each subsequent quarter through 12/31/22.