Hayes John T 4
4 · URSTADT BIDDLE PROPERTIES INC · Filed Jan 6, 2021
Insider Transaction Report
Form 4
Hayes John T
Senior VP and CFO
Transactions
- Award
Class A Common Stock
2021-01-04+16,000→ 85,148 total - Tax Payment
Class A Common Stock
2021-01-04$13.75/sh−4,664$64,130→ 69,148 total
Footnotes (3)
- [F1]4,664 shares of Class A Common Stock were withheld by the Company to satisfy John T. Hayes (the "Reporting Person")'s tax obligation upon vesting of 12,000 shares on January 4, 2021. The closing price of Class A Common Stock on January 4, 2021 was $13.75.
- [F2]On January 4, 2021, the Issuer entered into an agreement with the Reporting Person whereby the Reporting Person was granted a restricted stock award of 16,000 shares of Class A Common Stock that vests on January 4, 2026, pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan").
- [F3]Of such shares, 70,500 are restricted shares, subject to vesting, issued pursuant to the Restricted Stock Award Plan.