Farrell Robert 4
4 · BTRS Holdings Inc. · Filed Oct 4, 2021
Insider Transaction Report
Form 4
Farrell Robert
Director
Transactions
- Award
Class 1 Common Stock
2021-10-01+2,281→ 38,088 total
Footnotes (1)
- [F1]The Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2020 Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class 1 Common Stock. In accordance with the Non-Employee Director Compensation Policy, the RSUs became fully vested on the date of grant. The shares of Class 1 Common Stock to be received for each vested RSU are subject to a Lock-Up Agreement (the Lock-Up) until October 4, 2021. The terms of the Lock-Up permit the vesting of RSUs by the Reporting Person, and the shares of Class 1 Common Stock to be issued as a result of the vesting of the RSUs are subject to the terms of the Lock-Up.