Gotting Gary A 4
4 · SUN HYDRAULICS CORP · Filed Feb 26, 2019
Insider Transaction Report
Form 4
Gotting Gary A
OFFICER
Transactions
- Award
Restricted Stock Units
2019-02-22+1,047→ 1,047 totalExercise: $0.00→ Common Stock (1,047 underlying) - Award
Performance-Based Restricted Stock Units
2019-02-22+1,047→ 1,047 totalExercise: $0.00→ Common Stock (1,047 underlying)
Footnotes (4)
- [F1]Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 150% of one share of Sun Hydraulics common stock (Common Stock). The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the Company's fiscal year ending December 28, 2019 and ending on the last day of the Company's fiscal year ending January 1, 2022.
- [F2]Unless earlier forfeited under the terms of the performance-based RSU, each performance-based RSU vests and converts into no more than 150% of one share of Common Stock after the determination of the achievement of the performance goals during the three-year performance period ending on the last day of the Company's fiscal year ending January 1, 2022.
- [F3]Each RSU represents the right to receive, following vesting, one share of Common Stock.
- [F4]Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each anniversary of the grant date.