Taylor Adam Worthington 4
4 · PARSONS CORP · Filed May 16, 2019
Insider Transaction Report
Form 4
PARSONS CORPPSN
Taylor Adam Worthington
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2019-05-14+8,823→ 8,823 total - Disposition to Issuer
Common Stock
2019-05-14$30.35/sh−8,823$267,778→ 0 total - Exercise/Conversion
Phantom Stock
2019-05-14−8,823→ 12,576 total→ Common Stock (8,823 underlying)
Holdings
- 789(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]Each share of phantom stock represents a right to receive the cash value of one share of Issuer's common stock. The value of the phantom stock will be determined based on the Issuer's share price at the time of payment.
- [F2]Represents the weighted average trading price of the Issuer's common stock for the period May 8, 2019 through May 14, 2019.
- [F3]On April 15, 2019, Issuer's board of directors declared a common stock dividend, payable to all holders of record of common stock on May 9, 2019, of two shares of common stock for every one share of common stock outstanding, conditioned upon the closing of Issuer's initial public offering. The share numbers in this Form 4 reflect the payment of this dividend.
- [F4]Consists of shares of common stock beneficially owned by the Reporting Person through Issuer's Employee Stock Ownership Plan, rounded to the nearest whole share.
- [F5]Following the transaction reported herein, this award will vest in two installments, with 6,177 shares of phantom stock vesting on May 14, 2020, and 6,399 shares of phantom stock vesting on May 14, 2021, subject to the Reporting Person's continued employment with Issuer on each such vesting date. The award will be paid in cash.