4//SEC Filing
PECHTER JOSHUA S 4
Accession 0001104659-21-123123
CIK 0001712543other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 4:23 PM ET
Size
7.2 KB
Accession
0001104659-21-123123
Insider Transaction Report
Form 4
PECHTER JOSHUA S
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2021-10-05−7,500→ 57,046 total - Award
Class A Common Stock
2021-10-05+9,375→ 66,421 total
Footnotes (1)
- [F1]On October 5, 2021, the Issuer cancelled 7,500 unvested restricted stock units ("RSUs") previously granted under the Andover National Corporation 2019 Equity Incentive Plan (the "Plan") in exchange for 9,375 performance RSUs ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's Class A common stock. In addition to time-based vesting, the PSUs are also subject to performance vesting that is only satisfied upon the occurrence of a "Liquidity Event" (as defined in the PSU Agreement to include the listing of a class of the Issuer's equity security on a national securities exchange or the occurrence of a Change of Control (as defined in the Plan)) and continued service with the Issuer through the applicable vesting date. For the time-based vesting component, beginning on October 29, 2021, 9,375 PSUs vest in (6) six equal quarterly installments.
Documents
Issuer
Andover National Corp
CIK 0001712543
Entity typeother
Related Parties
1- filerCIK 0001452431
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 4:23 PM ET
- Size
- 7.2 KB