4//SEC Filing
CHRISTIAN RONALD E 4
Accession 0001562180-18-000010
CIK 0001096385other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 9:47 AM ET
Size
6.9 KB
Accession
0001562180-18-000010
Insider Transaction Report
Form 4
VECTREN CORPVVC
CHRISTIAN RONALD E
Exec VP, CAO, General Counsel
Transactions
- Award
Phantom Stock
2018-01-01+8,700→ 8,700 totalExercise: $0.00→ Common Stock (8,700 underlying)
Footnotes (2)
- [F1]The stock unit award was granted pursuant to the Vectren Corporation At Risk Compensation Plan (Plan) and is subject to forfeiture as provided by the Plan and the Plan grant agreement. The lifting of restrictions and the application of the forfeiture provisions are dependent upon performance under pre-established metrics during a measuring period from January 1, 2018 through December 31, 2020 and subject to continued employment until certification of performance, except in limited circumstances as described in the Plan and the Plan grant agreement. Upon lifting of restrictions, the grantee shall be paid for each stock unit, in cash, a value determined by calculating the average of the closing price of Vectren's common stock for the three consecutive trading days immediately preceding ten days before the certification of the performance results.
- [F2]Certification of the performance results is expected to be no later than March 31, 2021. If the lifting of restrictions occurs prior to the performance certification date, the value of one share of Vectren's common stock on the date the restrictions lapse will be used to value each stock unit. At the time restrictions lift, if the grantee is not then in compliance with the company's share ownership guidelines, the value of each stock unit shall be paid to the grantee in one unrestricted share of Vectren's common stock. Dividends paid during the restriction period shall accrue as additional stock units and are subject to forfeiture. This acquisition was approved in accordance with Rule 16b-3.
Documents
Issuer
VECTREN CORP
CIK 0001096385
Entity typeother
Related Parties
1- filerCIK 0001180877
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 9:47 AM ET
- Size
- 6.9 KB