Wehner Kurt 4
4 · WeWork Inc. · Filed Mar 24, 2022
Insider Transaction Report
Form 4
Wehner Kurt
Principal Accounting Officer
Transactions
- Award
Common Stock
2022-03-22+10,118→ 61,759 total - Award
Common Stock
2022-03-22+75,000→ 136,759 total
Footnotes (2)
- [F1]Represents the award of RSUs that convert into common stock on a one-for-one basis. One third of the RSUs will vest on each of January 10, 2023, January 10, 2024, and January 10, 2025. Provided however, if the Issuer achieves a certain earnings before interest, taxes, depreciation, and amortization ("EBITDA") milestone no later than December 31, 2022, all of the RSUs will vest on January 10, 2023. If the EBITDA milestone is achieved after December 31, 2022 but no later than December 31, 2023, one third of the RSUs will vest on January 10, 2023 and two-thirds of the RSUs will vest on January 10, 2024.
- [F2]Represents the award of time-based restricted stock units ("RSUs") that convert into common stock on a one-for-one basis. One third of the RSUs will vest on each of January 10, 2023, January 10, 2024, and January 10, 2025.