Alvarez Juan Carlos 4
4 · Santander Consumer USA Holdings Inc. · Filed Mar 4, 2020
Insider Transaction Report
Form 4
Alvarez Juan Carlos
Director
Transactions
- Award
Common Stock
2020-03-02+12,052→ 34,399 total - Tax Payment
Common Stock
2020-03-02$24.05/sh−1,761$42,352→ 32,638 total
Footnotes (2)
- [F1]Restricted stock units (RSUs) were granted under the Santander Consumer USA Holdings Inc. Omnibus Incentive Plan. 60% of the RSUs vested at grant on March 2, 2020 and were settled in shares of common stock. The remaining 40% of the RSUs will vest in equal installments on each of March 2, 2021, March 2, 2022 and March 2, 2023; provided, that performance metrics described in the applicable award agreement must be satisfied for the March 2, 2023 installment to vest. After the shares subject to the RSUs vest and are settled, they will remain subject to transfer and sale restrictions for a period of one year.
- [F2]Shares withheld for taxes upon the settlement in shares of RSUs granted to the reporting person.