Item 9B. Other Information.
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Item 9B. Other Information.
Securities Trading Plans
During the three months ended December 31, 2023, none of the Company's directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement" as defined in Item 408(c) of Regulation S-K, except as follows:
| Name/Title | Type of Plan | Adoption Date | End Date | Aggregate Number of Securities to be Sold | Plan Description | |||||||||||||||||||||||||||
| Tracy Skeans / Chief Operating Officer and Chief People Officer | Rule 10b5-1 trading plan | November 26, 2023 | December 31, 2024 | 62,417(1) | Sale of Shares | |||||||||||||||||||||||||||
| David Gibbs / Chief Executive Officer | Rule 10b5-1 trading plan | December 1, 2023 | December 31, 2024 | 115,582(2) | Sale of Shares/ Exercise of Stock Appreciation Rights and Sale of Resulting Shares |
(1) Represents the number of shares of common stock to be received upon vesting of Ms. Skeans’ performance share unit awards (assuming maximum performance) and restricted stock unit awards specified in the plan. The actual number of shares of
common stock that will be received upon vesting and sold pursuant to the trading plan will depend upon the Company’s performance, dividend equivalent accruals, and the number of shares withheld for any taxes.
(2) Represents the number of shares of common stock to be received upon vesting of Mr. Gibbs’ restricted stock unit awards and exercise of stock appreciation rights awards specified in the plan. The actual number of shares of common stock under a restricted stock unit award that will be received upon vesting and sold pursuant to the trading plan will depend on dividend equivalent accruals and the number of shares withheld for any taxes. The resulting number of shares of common stock received and sold following the stock appreciation rights exercise will depend upon the appreciation of the award and the number of shares withheld for any taxes.
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