4//SEC Filing
Meyerowich Richard P. 4
Accession 0001567619-20-018116
CIK 0001399249other
Filed
Oct 21, 8:00 PM ET
Accepted
Oct 22, 5:40 PM ET
Size
6.8 KB
Accession
0001567619-20-018116
Insider Transaction Report
Form 4
Meyerowich Richard P.
Director
Transactions
- Award
Phantom Class A common stock
2020-10-21$5.30/sh+9,905$52,497→ 157,343 total→ Class A common stock, par value $0.01 (9,905 underlying)
Footnotes (3)
- [F1]Issued in connection with the Reporting Person's 2020 non-employee director annual retainer in the amount of $95,000, and $10,000 annual retainer for service as Chairman of the Audit Committee, in each case, prorated to compensate for the third and fourth quarter of 2020 (such prorated amounts being $47,500 and $5,000 respectively), both of which are payable at the director's option, either 100% in cash, 100% in shares of the Issuer's Class A common stock, or 50% payable in cash and 50% in shares of the Issuer's Class A common stock. All shares of the Issuer's Class A common stock were valued at the closing price on October 21,2020, the date of issuance.
- [F2]Each share of Phantom Class A common stock ("Phantom Stock") is the economic equivalent on one share of the Issuer's Class A common stock ("Common Stock"). The shares of Phantom Stock become payable in a single distribution of shares of Common Stock, at such time as elected by the Reporting Person at the time such deferral was made pursuant to Section 3.4 of the Pzena Investment Management, Inc. Non-Employee Director Deferred Compensation Plan (previously filed as Exhibit 10.1 to the Issuer's quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on November 9, 2009).
- [F3]Includes an aggregate of 1,831 shares of Phantom Stock issued in-kind as dividend payment from March 1, 2020 to date.
Documents
Issuer
Pzena Investment Management, Inc.
CIK 0001399249
Entity typeother
Related Parties
1- filerCIK 0001411021
Filing Metadata
- Form type
- 4
- Filed
- Oct 21, 8:00 PM ET
- Accepted
- Oct 22, 5:40 PM ET
- Size
- 6.8 KB