Darrow Michael 4
4 · TrueCar, Inc. · Filed Mar 31, 2023
Insider Transaction Report
Form 4
TrueCar, Inc.TRUE
Darrow Michael
EVP, OEM Development
Transactions
- Award
Common Stock
2023-03-30+228,200→ 1,409,659 total - Tax Payment
Common Stock
2023-03-30$2.32/sh−113,142$262,489→ 1,296,517 total
Footnotes (2)
- [F1]The reported securities reflect the number of performance units ("PSUs") that vested upon the certification by the compensation and workforce committee of the Issuer's board of directors (the "Compensation Committee") of the achievement of certain performance criteria during the three-year performance period ended March 15, 2023. The PSUs were granted under the Issuer's 2014 Equity Incentive Plan. Based on the performance criteria set forth in the agreement governing the terms of the PSUs, the Compensation Committee determined that 70% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 97,800 PSUs were forfeited.
- [F2]The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.