Brover Barry 4
4 · Barnes & Noble Education, Inc. · Filed Jun 21, 2019
Insider Transaction Report
Form 4
Brover Barry
Chief Financial Officer
Transactions
- Award
Common Stock
2019-06-19+52,380→ 359,544 total - Award
Common Stock
2019-06-19+52,380→ 411,924 total
Footnotes (2)
- [F1]Grant of restricted stock units (RSUs). Each RSU represents the contingent right to receive one share of common stock, par value $0.01, of the Company. The RSUs vest and will be settled in three equal installments on each of June 19, 2020, June 19, 2021 and June 19, 2022, or in each case, if such date is not a business day, the business day immediately following such date.
- [F2]Grant of Performance Units, which are earned based on a combination of the Company's performance over the performance period as measured by absolute total shareholder return reflected by the BNED Common Stock price (50% of the Performance Units) and BNED Adjusted EBITDA (50% of the Performance Units). The performance period is the two year period beginning April 28, 2019 and ending on May 1, 2021. Earned Performance Units will be converted to shares of Company Common Stock on a one-for-one basis after the expiration of an additional one year holding period. Unearned Performance Units and earned Performance Units that have not satisfied the one-year holding period will be forfeited.