Xian Ming 4
4 · MEDIFAST INC · Filed Jun 20, 2023
Insider Transaction Report
Form 4
MEDIFAST INCMED
Xian Ming
Director
Transactions
- Award
Restricted Stock Units (cash settled)
2023-06-15+2,742→ 4,727.834 total→ Common Stock (2,742 underlying)
Footnotes (1)
- [F1]Represents the contingent right to receive 2,742 shares of the Issuer's common stock or the cash equivalent in connection with the payment of the reporting person's annual director fees, which fees have been deferred under the Medifast, Inc. Director's Deferred Compensation Plan (Amended and Restated) (the "Deferred Compensation Plan"). These shares are granted from the Issuer's 2012 Share Incentive Plan and will vest in full on June 15, 2024. The restricted stock units will become payable in cash upon or following the reporting person's termination of service as a director of the Issuer pursuant to the terms of the Deferred Compensation Plan.