Item 5. Other Information
3K characters. Original on sec.gov · Markdown
Item 5. Other Information
During the quarter ended June 30, 2023, the following officers of the Company adopted Rule 10b5-1 trading arrangements that are each intended to satisfy the affirmative defense of Rule 10b5-1(c) promulgated under the Exchange Act, with such details of the arrangements as further follows:
-
Matthew Fordenwalt, Senior Vice President Lifecycle Services, adopted a Rule 10b5-1 trading arrangement on May 25, 2023, that will terminate on the earlier of December 31, 2023, or the execution of all trades in the trading arrangement. Mr. Fordenwalt’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit and performance share vests.
-
Nicholas Gangestad, Senior Vice President and Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement on May 30, 2023, that will terminate on the earlier of March 8, 2024, or the execution of all trades in the trading arrangement. Mr. Gangestad’s trading arrangement covers the sale of (i) the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit vests and (ii) 50% of the shares of the Company’s common stock that remain following the sale to cover taxes on the vesting of 5,309 restricted stock units on March 1, 2024.
-
Veena Lakkundi, Senior Vice President Corporate Development and Strategy, adopted a Rule 10b5-1 trading arrangement on May 31, 2023, that will terminate on the earlier of December 31, 2023, or the execution of all trades in the trading arrangement. Ms. Lakkundi’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit vests.
-
John Miller, Vice President and Chief Intellectual Property Counsel, adopted a Rule 10b5-1 trading arrangement on May 24, 2023, that will terminate on the earlier of December 31, 2023, or the execution of all trades in the trading arrangement. Mr. Miller’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit and performance share vests.
-
Brian Shepherd, Senior Vice President Software and Control, adopted a Rule 10b5-1 trading arrangement on May 24, 2023, that will terminate on the earlier of February 29, 2024, or the execution of all trades in the trading arrangement. Mr. Shepherd’s trading arrangement covers the sale of the number of shares of the Company’s common stock required to be sold to cover taxes on upcoming restricted stock unit vests.
The aggregate number of shares to be sold pursuant to each trading arrangement described above is dependent on the taxes on the applicable restricted stock unit and performance share vests, and, therefore, is indeterminable at this time.
During the quarter ended June 30, 2023, no director or officer of the Company adopted or terminated a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, no director of the Company adopted or terminated a Rule 10b5-1 trading arrangement, and no officer of the Company terminated a Rule 10b5-1 trading arrangement.
Previous: Item 1A. Risk Factors · Next: Item 6. Exhibits