4//SEC Filing
Darrow Michael 4
Accession 0001567619-22-007905
CIK 0001327318other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 7:59 PM ET
Size
8.6 KB
Accession
0001567619-22-007905
Insider Transaction Report
Form 4
TrueCar, Inc.TRUE
Darrow Michael
EVP, OEM Development
Transactions
- Tax Payment
Common Stock
2022-03-31$3.75/sh−2,521$9,454→ 1,066,894 total - Award
Common Stock
2022-03-31+260,000→ 1,064,332 total - Award
Common Stock
2022-03-31+5,083→ 1,069,415 total
Footnotes (3)
- [F1]The reported securities are represented by restricted stock units which vest in 16 equal quarterly installments beginning on June 15, 2022.
- [F2]The reported securities reflect the number of performance units ("PSUs") that vested upon the certification by the compensation and workforce committee of the Issuer's board of directors (the "Compensation Committee") of the achievement of certain performance criteria during the three-year performance period ended March 14, 2022. The PSUs were granted under the Issuer's 2014 Equity Incentive Plan. Based on the performance criteria set forth in the agreement governing the terms of the PSUs, the Compensation Committee determined that 34% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 9,869 PSUs were forfeited.
- [F3]The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.
Documents
Issuer
TrueCar, Inc.
CIK 0001327318
Entity typeother
Related Parties
1- filerCIK 0001721059
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 7:59 PM ET
- Size
- 8.6 KB