Thomson Michael M 4
4 · UNISYS CORP · Filed May 10, 2023
Insider Transaction Report
Form 4
UNISYS CORPUIS
Thomson Michael M
President & CEO
Transactions
- Award
Restricted Stock Units
2023-05-08+192,803→ 192,803 total→ Common Stock (192,803 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive up to one share of Unisys Corporation common stock.
- [F2]PB-RSUs granted under 2023 Equity Plan. PB-RSUs vest on 5/8/26 if 20-trading day trailing average of closing price of common stock over the 20 consecutive trading day period ending on 5/7/26 is $8 or higher (Vesting Condition) at a conversion rate of .25 shares to 1 share of common stock for each PB-RSU if the 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the period from the grant date through 5/7/26 (Vesting Period) is $8 to $14 (determined by linear interpolation between such range). If 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period never meets or exceeds $8, then PB-RSUs will not vest at all. If Vesting Condition is satisfied and 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period exceeds $14, then PB-RSUs will vest at the rate of 1 share for each PB-RSU.