Callahan Andrew P 4
4 · Hostess Brands, Inc. · Filed Jan 19, 2023
Insider Transaction Report
Form 4
Callahan Andrew P
DirectorSee Remarks
Transactions
- Award
Class A Common Stock, par value $0.0001 per share
2023-01-17+154,286→ 417,100 total - Award
Restricted Stock Units
2023-01-17+97,247→ 97,247 total - Tax Payment
Class A Common Stock, par value $0.0001 per share
2023-01-19$22.93/sh−17,860$409,530→ 370,590 total - Tax Payment
Class A Common Stock, par value $0.0001 per share
2023-01-19$22.99/sh−68,349$1,571,344→ 348,751 total
Holdings
- 133,992
Restricted Stock Units
Footnotes (5)
- [F1]Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of Class A Common Stock. These restricted stock units will vest in equal or nearly equal installments on January 17 of each 2024, 2025, and 2026, assuming continued employment through the applicable vesting date.
- [F2]Represents shares acquired by the reporting person upon the achievement of performance measures under performance share units ("PSUs") granted under the Amended and Restated Hostess Brands, Inc. 2016 Equity Incentive Plan.
- [F3]On January 19, 2023, Hostess Brands, Inc. (the "Company") withheld 68,349 shares of Class A common stock to satisfy withholding taxes due in connection with the vesting of the PSUs referred to above. Such shares had a market value of $22.99 per share, the closing price of the Class A common stock on January 17, 2023, the date the Company's Talent & Compensation Committee certified the performance results.
- [F4]On January 19, 2023, the Company withheld 17,860 shares of Class A Common Stock to satisfy withholding taxes due in connection with the vesting of shares of Class A common stock underlying two awards of restricted stock units previously granted to the reporting person. Such shares had a market value of $22.93 per share, the closing price of the Class A common stock on January 13, 2023, the last trading date prior to vesting.
- [F5]Consists of previously disclosed restricted stock units that remained subject to time-based vesting criteria.