Locke Jennifer L. 4
4 · Crimson Wine Group, Ltd · Filed Mar 11, 2024
Insider Transaction Report
Form 4
Locke Jennifer L.
CHIEF EXECUTIVE OFFICER
Transactions
- Award
Employee Stock Option (Right to buy)
2024-03-06+100,000→ 150,000 totalExercise: $7.50Exp: 2032-03-11→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The option as to 25,000 shares of common stock of Crimson Wine Group, Ltd. ("CWGL") vested on March 6, 2024, and the remainder of the option vests in three equal installments beginning on March 6, 2025.
- [F2]On March 11, 2022, the reporting person was granted an option to purchase 500,000 shares of CWGL common stock. The option vests in four installments based on CWGL's satisfaction of certain performance-based requirements for each of the fiscal years ending December 31, 2022, 2023, 2024, and 2025. The performance-based requirements for the fiscal year ending December 31, 2023 were met, resulting in the performance vesting of the option as to 100,000 shares of CWGL common stock.