Summers Zarath 4
4 · LanzaTech Global, Inc. · Filed Aug 24, 2023
Insider Transaction Report
Form 4
Summers Zarath
Chief Science Officer
Transactions
- Award
Performance Stock Units
2023-08-22+30,627→ 30,627 total→ Common Stock (30,627 underlying)
Footnotes (1)
- [F1]Each Performance-based Restricted Stock Unit (PSU) represents a contingent right to receive one share of common stock of the Company. Subject to the terms of the PSU Agreement, the PSUs are contingent on satisfying both a performance-based and a time-based vesting condition. The performance-based vesting condition is satisfied if the average closing price of the Company's stock reaches $11.50 using a 20-day look-back period, which period may begin no earlier than 151 days following August 22, 2023. The PSUs will time-vest in approximately three equal annual installments, with such first installment time-vesting on August 22, 2024. Both vesting conditions must be met by August 22, 2028 or else the PSUs will be forfeited.