4//SEC Filing
Robinson Elizabeth S. 4
Accession 0001179110-20-006342
CIK 0000927355other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 6:02 PM ET
Size
7.2 KB
Accession
0001179110-20-006342
Insider Transaction Report
Form 4
Robinson Elizabeth S.
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2020-05-15+4,218→ 11,555 total - Tax Payment
Common Stock
2020-05-15−646→ 10,909 total
Footnotes (3)
- [F1]Reflects 1719 shares earned and vested (issued) as of May 15, 2020 in respect of Performance Stock Units (or PSUs) previously awarded for performance years fiscal 2018 and 2019; 1717 shares earned but not yet vested in respect of PSUs awarded for performance years fiscal 2018 and 2019, which vest and will be issued in May 2021; and 782 shares earned but not yet vested in respect of PSUs awarded for performance year fiscal 2019, to be issued in May 2022; subject to continued association as per below. The Reporting Person previously reported PSUs earned for performance years fiscal 2018 and 2019 in Table II and has now elected to report in Table I. PSUs are awarded for a given performance year and earned insofar as applicable performance metrics are satisfied, whereupon 25% of the shares earned are issued and the remaining 75% are issued in three subsequent equal annual installments, provided the Reporting Person remains associated with Issuer on the applicable date.
- [F2]$4.36 closing market price on May 15, 2020.
- [F3]All shares are owned directly, except for 2,863 shares which are owned indirectly, through the TESSCO Technologies 401(k) plan and 2,499 shares which are the subject of PSUs awarded for performance years fiscal 2018 and 2019 PSUs earned but not yet vested.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0001702343
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 6:02 PM ET
- Size
- 7.2 KB