Moynahan Matthew 4
4 · OneSpan Inc. · Filed Feb 27, 2023
Insider Transaction Report
Form 4
OneSpan Inc.OSPN
Moynahan Matthew
Chief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2023-02-23+47,540→ 104,997 total - Tax Payment
Common Stock
2023-02-27$13.36/sh−13,953$186,412→ 91,044 total - Award
Restricted Stock Units
2023-02-23+142,622→ 142,622 total→ Common Stock (142,622 underlying) - Exercise/Conversion
Restricted Stock Units
2023-02-23−47,540→ 95,082 total→ Common Stock (47,540 underlying) - Award
Restricted Stock Units
2023-02-23+127,552→ 127,552 total→ Common Stock (127,552 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.
- [F2]On June 23, 2022, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2022. On February 23, 2023, the registrant's Compensation Committee determined that the reporting person had earned 142,622 PSUs based upon the 2022 financial metrics. Effective on February 23, 2023, 1/3 (or 47,540) of the earned PSUs were deemed vested on December 31, 2022 and an additional 1/3 will vest on each of December 31, 2023 and 2024, assuming the reporting person continues to be employed by the registrant on each such date.
- [F3]The restricted stock units vest over three years starting on February 23, 2023, with one-third of the shares vesting on February 23, 2024 and one-sixth of the shares vesting every six months thereafter.