4//SEC Filing
Robinson John W 4
Accession 0001821393-20-000064
CIK 0001821393other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 4:36 PM ET
Size
16.6 KB
Accession
0001821393-20-000064
Insider Transaction Report
Form 4
Robinson John W
Director
Transactions
- Exercise/Conversion
Common Stock
2020-12-16$15.67/sh+231,504$3,627,668→ 808,341 total - Tax Payment
Common Stock
2020-12-16$18.03/sh−702,136$12,659,512→ 403,704 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-12-16$15.67/sh−231,504$3,627,668→ 0 totalExercise: $15.67Exp: 2029-02-21→ Stock Options (Right to Buy) (231,504 underlying) - Exercise/Conversion
Common Stock
2020-12-16$10.06/sh+297,499$2,992,840→ 1,105,840 total - Exercise/Conversion
Common Stock
2020-12-16$13.67/sh+302,065$4,129,229→ 576,837 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-12-16$13.67/sh−302,065$4,129,229→ 0 totalExercise: $13.67Exp: 2028-03-02→ Stock Options (Right to Buy) (302,065 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2020-12-16$10.06/sh−297,499$2,992,840→ 0 totalExercise: $10.06Exp: 2030-03-06→ Stock Options (Right to Buy) (297,499 underlying)
Footnotes (5)
- [F1]Represents shares forfeited to pay the exercise price and tax liability associated with the exercise of stock options on December 16, 2020, using a net exercise approach pursuant to which no shares were sold. Shares forfeited in this manner are not eligible for reissuance under The Aaron's Company, Inc. 2020 Equity and Incentive Plan.
- [F2]In connection with the spin-off of The Aaron's Company, Inc. from PROG Holdings, Inc., each outstanding PROG Holdings, Inc. stock option was converted into an award of options to purchase The Aaron's Company, Inc. common stock. The number of shares and exercise prices of each option award were adjusted in accordance with the Employee Matters Agreement in a manner intended to preserve the aggregate value of the original corresponding PROG Holdings, Inc. stock option.
- [F3]Two thirds of these options vested in two equal increments on each of March 7, 2019 and 2020. The vesting of the remainder of these options was accelerated in accordance with the terms of the reporting person's Transition Agreement.
- [F4]One third of these options vested on March 7, 2020. The vesting of the remainder of these options was accelerated in accordance with the terms of the reporting person's Transition Agreement.
- [F5]The vesting of all of these options was accelerated in accordance with the terms of the reporting person's Transition Agreement.
Documents
Issuer
Aaron's Company, Inc.
CIK 0001821393
Entity typeother
Related Parties
1- filerCIK 0001606049
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 4:36 PM ET
- Size
- 16.6 KB