Item 5. Other Information.
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Item 5. Other Information.
During the three months ended September 30, 2023, the following director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
| Name & Title | Date of Adoption / Termination | Character of Trading Arrangement(1) | Aggregate Number of Shares of Common Stock to be Purchased / Sold Pursuant to Trading Arrangement | Duration of Plan(3) | ||||||||||
| John P. "Jack" Molloy, Executive Vice President and Chief Operating Officer | Adopted September 13, 2023 | Rule 10b5-1(c) Trading Arrangement | Up to 76,819 shares to be sold(2) | December 13, 2023 - June 11, 2024 |
**(1)**Each trading arrangement marked as a "Rule 10b5-1(c) Trading Arrangement" is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), as amended (the "Rule").
**(2)**Mr. Molloy's Rule 10b5-1(c) Trading Arrangement provides for the potential exercise of vested performance options and the associated sale of up to 76,819 shares of the Company's common stock.
**(3)**Each trading arrangement marked as a "Rule 10b5-1(c) Trading Arrangement" only permits transactions beginning on the indicated start date and, in any case, upon expiration of the applicable mandatory cooling-off period under the Rule, and until the earlier of the indicated duration end date or completion of all sales contemplated in the Rule 10b5-1(c) Trading Arrangement.
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