4//SEC Filing
JOHNSTON CHARLES D 4
Accession 0001567619-21-000391
CIK 0001399249other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 8:22 PM ET
Size
10.4 KB
Accession
0001567619-21-000391
Insider Transaction Report
Form 4
Johnston Charles D
Director
Transactions
- Exercise/Conversion
Class A Common stock, par value $0.01
2021-01-01+11,070→ 41,070 total - Exercise/Conversion
Phantom Class A common stock
2021-01-01−11,070→ 78,549 total→ Class A common stock, par value $0.01 (11,070 underlying) - Award
Phantom Class A common stock
2021-01-01$7.30/sh+13,698$99,995→ 89,619 total→ Class A common stock, par value $0.01 (13,698 underlying)
Footnotes (4)
- [F1]Distribution of deferred compensation pursuant to 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) (the "Director Deferred Compensation Plan").
- [F2]Issued in connection with the Reporting Person's 2021 non-employee director annual retainer in the amount of $95,000, and $5,000 annual retainer for service as Chairman of the Nominating Committee, 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 December 31, 2020.
- [F3]Each share of Phantom Class A common stock ("Phantom Stock") is the economic equivalent of 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 Director Deferred Compensation Plan.
- [F4]Includes an aggregate of 5,477 share of Phantom Stock issued in-kind as dividend payment in 2020.
Documents
Issuer
Pzena Investment Management, Inc.
CIK 0001399249
Entity typeother
Related Parties
1- filerCIK 0001479664
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 8:22 PM ET
- Size
- 10.4 KB