HUSEBY MICHAEL 4
4 · Barnes & Noble Education, Inc. · Filed Sep 26, 2023
Insider Transaction Report
Form 4
HUSEBY MICHAEL
DirectorExecutive Chairman
Transactions
- Disposition to Issuer
Common Stock
2023-09-22$1.11/sh−223,578$248,172→ 976,410 total - Exercise/Conversion
Phantom Share Unit
2023-09-22−223,578→ 0 totalFrom: 2021-09-22Exp: 2023-09-22→ Common Stock (223,578 underlying) - Exercise/Conversion
Common Stock
2023-09-22+223,578→ 1,199,988 total - Tax Payment
Common Stock
2023-09-23$1.11/sh−25,998$28,858→ 950,412 total
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock of the Company and was settled in cash at a value of $1.11 per share. The terms of the phantom stock provide that the shares will be settled based on the fair market value of a share of common stock at each vesting date in an amount not to exceed $7.38 per share.
- [F2]Shares withheld by the Issuer on vesting of restricted stock units (payable solely in common stock of the Issuer on each vesting date) to cover applicable withholding taxes.