Lubel Bryan 4
4 · KORE Group Holdings, Inc. · Filed Apr 8, 2024
Insider Transaction Report
Form 4
Lubel Bryan
Executive Vice President
Transactions
- Award
Common Stock
2024-04-04+16,109→ 118,364 total - Award
Restricted Stock Units
2024-04-04+16,109→ 16,109 total→ Common Stock (16,109 underlying)
Footnotes (3)
- [F1]Represents shares of common stock received upon the vesting of a portion of the performance-based restricted stock units ("RSUs") awarded to the Reporting Person on January 4, 2022 under the Issuer's 2021 Long-Term Stock Incentive Plan, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the RSUs, such shares were not previously reportable under Section 16.
- [F2]Each RSU represents a right to receive one share of the issuer's common stock.
- [F3]The RSUs were awarded to the Reporting Person on January 4, 2022 and were subject to both a performance-based vesting condition (which condition has been satisfied as of April 4, 2024) and a time-based vesting condition (which condition will be satisfied on March 31, 2025, assuming continuous service of the Reporting Person through such date). In light of the performance-based vesting criteria of the RSUs, such RSUs were not previously reportable under Section 16.