Winstone Louise P 4
4 · KORE Group Holdings, Inc. · Filed Apr 8, 2024
Insider Transaction Report
Form 4
Winstone Louise P
See Remarks
Transactions
- Award
Common Stock
2024-04-04+11,276→ 75,394 total - Tax Payment
Common Stock
2024-04-04$0.71/sh−3,967$2,817→ 71,427 total - Award
Restricted Stock Units
2024-04-04+11,276→ 64,093 total→ Common Stock (11,276 underlying)
Footnotes (4)
- [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]Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations.
- [F3]Each RSU represents a right to receive one share of the issuer's common stock.
- [F4]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.