SULLIVAN JAMES M 4
4 · Jason Industries, Inc. · Filed Jul 2, 2019
Insider Transaction Report
Form 4
SULLIVAN JAMES M
Director
Transactions
- Award
Restricted Stock Units
2019-07-01+40,000→ 126,076 total→ Common Stock (40,000 underlying)
Holdings
- 15,000
Common Stock
Footnotes (1)
- [F1]The restricted stock units vest on the one (1) year anniversary of the applicable grant date, assuming continued service. The board of directors or applicable committee of the board may, in its sole discretion, provide for accelerated vesting of the restricted stock units at any time and for any reason. Subject to the board or board committee's discretion to accelerate vesting, all unvested restricted stock units shall be immediately forfeited upon the reporting person's termination of service for any reason. Additionally, all restricted stock units shall become fully vested upon the occurrence of a change of control of Jason Industries, Inc., provided that the reporting person has not been terminated prior to such change of control. Vested restricted stock units will settle in the form of shares of common stock, cash or a combination thereof on the date that is six (6) months following the date of termination of service.