4//SEC Filing
Patel Milun 4
Accession 0001104659-21-123122
CIK 0001712543other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 4:21 PM ET
Size
7.3 KB
Accession
0001104659-21-123122
Insider Transaction Report
Form 4
Patel Milun
Chief Financial Officer
Transactions
- Award
Class A Common Stock
2021-10-05+59,424→ 96,968 total - Disposition to Issuer
Class A Common Stock
2021-10-05−47,538→ 37,544 total
Footnotes (1)
- [F1]On October 5, 2021, Issuer cancelled 47,538 unvested restricted stock units ("RSUs") previously granted under the Andover National Corporation 2019 Equity Incentive Plan ("Plan") in exchange for 59,424 performance RSUs ("PSUs"). Each PSU represents a contingent right to receive one share of Issuer's Class A common stock. In addition to time-based vesting, PSUs are also subject to performance vesting that is only satisfied upon the occurrence of a "Liquidity Event" (defined in the PSU Agreement to include the listing of a class of Issuer's equity security on a national securities exchange or the occurrence of a Change of Control (defined in Plan)) and continued service with Issuer through the applicable vesting date. For the time-based vesting component, beginning on October 29, 2021, 31,251 PSUs vest in ten equal quarterly installments, and beginning on November 14, 2021, 13,021 PSUs vest in five equal quarterly installments and 15,152 PSUs vest in eight equal quarterly installments.
Documents
Issuer
Andover National Corp
CIK 0001712543
Entity typeother
Related Parties
1- filerCIK 0001794806
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 4:21 PM ET
- Size
- 7.3 KB