Swartwood Jesse 4
4 · WESTELL TECHNOLOGIES INC · Filed Apr 3, 2020
Insider Transaction Report
Form 4
Swartwood Jesse
SVP, Worldwide Sales
Transactions
- Award
Class A Common Stock
2020-04-01+30,000→ 113,432 total - Tax Payment
Class A Common Stock
2020-04-01$0.78/sh−4,036$3,164→ 109,396 total - Tax Payment
Class A Common Stock
2020-04-02$0.73/sh−2,883$2,105→ 106,513 total
Footnotes (2)
- [F1]The Compensation Committee approved an award of restricted stock units (RSUs) pursuant to the 2019 Omnibus Incentive Compensation Plan. The RSUs vest 33% annually beginning on April 1, 2021 and for each of the following two years concluding on April 1, 2023. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.
- [F2]Withholding of stock to satisfy statutory tax withholding obligations on vesting of restricted stock.