Detwiler Kyle 4
4 · Clever Leaves Holdings Inc. · Filed Mar 3, 2021
Insider Transaction Report
Form 4
Detwiler Kyle
DirectorChief Executive Officer
Transactions
- Award
Restricted Share Units
2021-03-02+45,000→ 45,000 totalExp: 2022-12-18→ Common shares (45,000 underlying) - Award
Common shares
2021-03-02+200,000→ 2,124,783 total - Award
Restricted Share Units
2021-03-02+45,000→ 45,000 totalExp: 2024-12-18→ Common shares (45,000 underlying)
Footnotes (4)
- [F1]One-half of the restricted share units will vest on December 18, 2021 and the remaining half of the restricted share units will vest on December 18, 2022, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
- [F2]Each restricted share unit represents the contingent right to receive one common share of the Issuer.
- [F3]The restricted share units vest when they have both time-vested and performance-vested, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates. The restricted share units will time-vest in four equal annual installments, commencing on December 18, 2021, and will performance-vest based on the achievement of certain share price performance conditions on or prior to December 18, 2022.
- [F4]The restricted share units vest when they have both time-vested and performance-vested, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates. The restricted share units will time-vest in four equal annual installments, commencing on December 18, 2021, and will performance-vest based on the achievement of certain share price performance conditions on or prior to December 18, 2024.