Cramer Michael John 4
4 · Hostess Brands, Inc. · Filed Jan 19, 2023
Insider Transaction Report
Form 4
Cramer Michael John
See Remarks
Transactions
- Award
Class A Common Stock, par value $0.0001 per share
2023-01-17+17,142→ 60,550 total - Tax Payment
Class A Common Stock, par value $0.0001 per share
2023-01-19$22.99/sh−6,859$157,688→ 53,691 total - Tax Payment
Class A Common Stock, par value $0.0001 per share
2023-01-19$22.93/sh−1,971$45,195→ 56,132 total
Holdings
- 9,374
Restricted Stock Units
- 3,000(indirect: By Individual Retirement Account)
Class A Common Stock, par value $0.0001 per share
Footnotes (4)
- [F1]Represents shares acquired by the reporting person upon the achievement of performance measures under performance share units ("PSUs") granted under the Amended and Restated Hostess Brands, Inc.'s 2016 Equity Incentive Plan.
- [F2]On January 19, 2023, Hostess Brands, Inc. (the "Company") withheld 6,859 shares of Class A common stock to satisfy withholding taxes due in connection with the vesting of the PSUs referred to above. Such shares had a market value of $22.99 per share, the closing price of the Class A common stock on January 17, 2023, the date the Company's Talent & Compensation Committee certified the performance results.
- [F3]On January 19, 2023, the Company withheld 1,971 shares of Class A Common Stock to satisfy withholding taxes due in connection with the vesting of shares of Class A common stock underlying two awards of restricted stock units previously granted to the reporting person. Such shares had a market value of $22.93 per share, the closing price of the Class A common stock on January 13, 2023, the last trading date prior to vesting.
- [F4]Consists of previously disclosed restricted stock units that remained subject to time-based vesting criteria.