4//SEC Filing
Peisert Daniel A. 4
Accession 0001808665-23-000038
CIK 0001808665other
Filed
May 14, 8:00 PM ET
Accepted
May 15, 8:57 PM ET
Size
16.1 KB
Accession
0001808665-23-000038
Insider Transaction Report
Form 4
Peisert Daniel A.
EVP and CFO
Transactions
- Exercise/Conversion
Common Stock
2023-05-12+152,067→ 464,431 total - Tax Payment
Common Stock
2023-05-12$7.65/sh−67,365$515,342→ 397,066 total - Exercise/Conversion
Common Stock
2023-05-12+400,000→ 797,066 total - Tax Payment
Common Stock
2023-05-12$7.65/sh−177,200$1,355,580→ 619,866 total - Disposition to Issuer
Common Stock
2023-05-12$7.65/sh−136,525$1,044,416→ 483,341 total - Exercise/Conversion
Restricted Stock Units
2023-05-12−152,067→ 304,137 totalExercise: $0.00→ Common Stock (152,067 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Units
2023-05-12−400,000→ 0 totalExercise: $0.00→ Common Stock (400,000 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents the contingent right to receive one share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock or a combination of shares of common stock and cash.
- [F2]Represents shares of common stock withheld for payment of taxes upon the vesting of restricted stock units.
- [F3]In accordance with SEC rules, the settlement of the restricted stock units for cash is reported on this Form 4 as an acquisition of the underlying common stock and a simultaneous disposition to the registrant for cash.
- [F4]On May 12, 2022, the reporting person was granted 456,204 restricted stock units. One-third of these restricted stock units are scheduled to vest on May 12, 2023, 2024, and 2025, assuming continued employment through the applicable vesting date.
- [F5]These derivative securities were granted to the reporting person, and were not sold to the reporting person. As such, the reporting person did not pay any consideration for these derivative securities.
- [F6]The restricted stock units were fully vested on May 12, 2023, as the trading price of the registrant's common stock exceeded certain stock price targets prior to the eighth calendar day after the registrant releases its earnings for the second quarter of 2025. After taking into effect the 177,200 shares of common stock withheld for payment of taxes, the remainder of the restricted stock unit grant was settled 136,525 shares in cash and 86,275 in shares of common stock.
Documents
Issuer
Assertio Holdings, Inc.
CIK 0001808665
Entity typeother
Related Parties
1- filerCIK 0001758376
Filing Metadata
- Form type
- 4
- Filed
- May 14, 8:00 PM ET
- Accepted
- May 15, 8:57 PM ET
- Size
- 16.1 KB