Naujokas Leonard Frank 4
4 · VOLT INFORMATION SCIENCES, INC. · Filed Jun 15, 2021
Insider Transaction Report
Form 4
Naujokas Leonard Frank
Controller & CAO
Transactions
- Award
Common Stock
2021-06-14+1,889→ 23,229 total - Tax Payment
Common Stock
2021-06-14$4.06/sh−1,938$7,868→ 21,291 total - Exercise/Conversion
Restricted Stock Unit
2021-06-14−2,304→ 2,305 total→ Common Stock (2,304 underlying) - Exercise/Conversion
Common Stock
2021-06-14+1,562→ 19,036 total - Exercise/Conversion
Common Stock
2021-06-14+2,304→ 21,340 total - Exercise/Conversion
Restricted Stock Unit
2021-06-14−1,562→ 0 total→ Common Stock (1,562 underlying)
Footnotes (5)
- [F1]On June 14, 2018, the reporting person was granted 4,688 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock or the cash value thereof, subject to a cap on the value received. The restricted stock units vest ratably on each of the first three anniversaries of the grant date.
- [F2]On June 14, 2019, the reporting person was granted 6,913 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock. The restricted stock units vest ratably on each of the first three anniversaries of the grant date.
- [F3]On June 14, 2019, the reporting person was granted 6,912 performance stock units. The performance units are eligible to vest 1/3 in each of the three years following the grant date based on the Company's achievement of certain financial performance goals measured over the applicable fiscal year performance period. At the maximum level of achievement, up to 150% of the units granted are eligible to vest. Each performance stock unit represents a contingent right to receive one share of the registrant's common stock.
- [F4]Represents the number of shares of common stock withheld by the issuer to satisfy the tax withholding obligations of the reporting person in connection with the vesting of 3,866 restricted stock units reported in Table II below and 1,889 performance stocks reported in Table I.
- [F5]Restricted stock units convert into common stock on a one-for-one basis.