TRC COMPANIES INC /DE/ 4
4 · TRC COMPANIES INC /DE/ · Filed Sep 6, 2016
Insider Transaction Report
Form 4
Bennet Thomas W Jr
Sr. Vice Pres. and CFO
Transactions
- Award
Common Stock, $0.10 par value
2016-08-23+48,000→ 531,886 total - Award
Common Stock, $0.10 par value
2016-08-23+32,000→ 483,886 total
Footnotes (2)
- [F1]Restricted Stock Unit award. The shares are subject to future vesting in 25% increments each on August 23, 2017, August 23, 2018, August 23, 2019, and August 23, 2020.
- [F2]Performance Stock Unit award. The award will vest based on Company performance in the fiscal year ending June 30, 2017. Additionally, the award is subject to adjustment based on threshold, target, and maximum performance factors. The adjustment ranges from 50% to 150%. The award will be pro-rated for achievement of the performance factor within the range established by the Company's Compensation Committee. To the extent awarded, the Performance Stock unit will vest in equal 25% increments on August 23, 2017, August 23, 2018, August 23, 2019, and August 23, 2020.