Gayron Kenneth L 4

Accession 0000896841-23-000037

CIK 0000896841other

View on SEC.gov Company Profile

Filed

Mar 16, 8:00 PM ET

Accepted

Mar 17, 5:14 PM ET

Size

38.3 KB

Accession

0000896841-23-000037

Insider Transaction Report

Form 4

Period: 2023-03-15

AVID TECHNOLOGY, INC.AVID

Gayron Kenneth L

EVP & Chief Financial Officer

Transactions

Tax Payment
Common Stock
2023-03-15$28.67/sh−2,723$78,068→ 336,678 total
Award
Common Stock
2023-03-15+20,055→ 356,733 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−25,415→ 0 total
Exercise: $28.67From: 2023-03-15Exp: 2023-03-15→ Common Stock (25,415 underlying)
Tax Payment
Common Stock
2023-03-15$28.67/sh−2,933$84,089→ 308,932 total
Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+25,415$728,648→ 334,347 total
Award
Common Stock
2023-03-15+12,707→ 347,054 total
Tax Payment
Common Stock
2023-03-15$28.67/sh−16,901$484,552→ 330,153 total
Tax Payment
Common Stock
2023-03-15$28.67/sh−891$25,545→ 329,262 total
Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+8,046$230,679→ 337,308 total
Award
Common Stock
2023-03-15+4,023→ 341,331 total
Tax Payment
Common Stock
2023-03-15$28.67/sh−5,350$153,385→ 335,981 total
Tax Payment
Common Stock
2023-03-16$29.29/sh−2,723$79,757→ 333,258 total
Exercise/Conversion
Common Stock
2023-03-15$28.67/sh+6,143$176,120→ 339,401 total
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−8,046→ 8,045 total
Exercise: $28.67From: 2023-03-15Exp: 2024-03-15→ Common Stock (8,046 underlying)
Exercise/Conversion
Performance Rights (Restricted Stock Units)
2023-03-15−6,143→ 12,286 total
Exercise: $28.67From: 2023-03-15Exp: 2025-03-15→ Common Stock (6,143 underlying)
Award
Performance Rights (Restricted Stock Units)
2023-03-15+20,055→ 20,055 total
Exp: 2026-03-15→ Common Stock (20,055 underlying)

Footnotes (13)

[F1]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2023 of 8.33% of the restricted stock units awarded on March 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F10]Represents the number of shares issued as a result of the vesting of performance-based restricted stock units awarded on March 16, 2022 based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2022 to March 15, 2023. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F11]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2023 of the performance-based restricted stock units awarded on March 16, 2022. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F12]Represents an award of restricted stock units that will vest on a time-based vesting schedule as follows: 33.33% on the first anniversary of the grant date of March 15, 2023, and the remaining 66.66% in equal 8.33% installments every 3 months thereafter, provided the reporting person continues to be employed by the Issuer on each such vesting date. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F13]Represents an award of restricted stock units which vest on a performance-based schedule based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index in 2024, 2025, and 2026. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for the withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F2]Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2020 to March 15, 2023. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F3]Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2020 to March 15, 2023. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F4]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2023 of the performance-based restricted stock units awarded on March 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F5]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2023 of 8.33% of the restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F6]Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2021 to March 15, 2023. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F7]Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2021 to March 15, 2023. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
[F8]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2023 of the performance-based restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
[F9]Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 16, 2023 of 33.33% of the restricted stock units awarded on March 16, 2022. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.

Documents

2 files

Issuer

AVID TECHNOLOGY, INC.

CIK 0000896841

→

Entity typeother

Related Parties

filerCIK 0001669103

Filing Metadata

Form type: 4
Filed: Mar 16, 8:00 PM ET
Accepted: Mar 17, 5:14 PM ET
Size: 38.3 KB

View on SEC.gov