Item 5. OTHER INFORMATION
1K characters. Original on sec.gov ·
Item 5. OTHER INFORMATION
Rule 10b5-1 Trading Plans
On June 6, 2023, Vikram Kini, the Company’s Senior Vice President and Chief Financial Officer, adopted a 10b5-1 trading arrangement (a “10b5-1 Plan”). Mr. Kini’s 10b5-1 Plan provides for the potential sale of up to 169,153 shares of the Company’s common stock, including shares obtained from the exercise of vested stock options covered by the 10b5-1 Plan, from September 6, 2023 through March 19, 2024, and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended.
On June 6, 2023, a trust established by Vicente Reynal, the Company's Chairman, President and Chief Executive Officer, for the benefit of himself and his spouse adopted a Rule 10b5-1 trading arrangement (the “Reynal Trust 10b5-1 Plan”). The Reynal Trust 10b5-1 Plan provides for the potential charitable gift to a donor advised wealth fund of up to 18,000 shares of the Company’s common stock from September 14, 2023 through October 31, 2023, and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended.
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