Cousins William M. 4
4 · ITERIS, INC. · Filed Jul 6, 2023
Insider Transaction Report
Form 4
ITERIS, INC.ITI
Cousins William M.
SVP and Chief Product Officer
Transactions
- Award
Restricted Stock Units
2023-07-03+9,339→ 9,339 total→ Common Stock (9,339 underlying) - Award
Stock Option (Right to Buy)
2023-07-03+32,672→ 32,672 totalExercise: $4.06Exp: 2033-07-03→ Common Stock (32,672 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
- [F2]The RSUs vesting schedule is as follows: 50% after two years measured from the grant date and the last 50% after three years measured from the grant date.
- [F3]The expiration date will be three years measured from the grant date.
- [F4]The stock option becomes exercisable in a series of four (4) successive equal annual installments (i.e. one-fourth of the shares each year) upon optionee's completion of each year of service over the four (4) year period measured from the grant date.