Mowbray Stacey 4
4 · WEIGHT WATCHERS INTERNATIONAL INC · Filed Feb 27, 2019
Insider Transaction Report
Form 4
Mowbray Stacey
President, Americas
Transactions
- Award
Restricted Stock Unit
2019-02-25+4,378→ 8,756 totalExercise: $0.00From: 2020-05-15Exp: 2020-05-15→ Common Stock (4,378 underlying) - Award
Restricted Stock Unit
2019-02-25+15,475→ 15,475 totalExercise: $0.00From: 2019-05-16Exp: 2019-05-16→ Common Stock (15,475 underlying)
Footnotes (3)
- [F1]On May 16, 2016, this award was granted as 9,285 performance stock units ("PSUs") that have both time- and performance-vesting criteria. The performance-vesting criteria would be satisfied if the Company achieved a certain objective as of December 29, 2018. On February 25, 2019, the Compensation and Benefits Committee of the Company's Board of Directors (the "Compensation Committee") certified that the performance criteria established had been satisfied at the "maximum" level of achievement of 166.67%. Accordingly, the award converted from PSUs to Restricted Stock Units ("RSUs") that remain subject to the time-vesting criteria.
- [F2]Each RSU represents a contingent right to receive one share of common stock.
- [F3]On May 15, 2017, this award was granted as 7,882 PSUs that have both time- and performance-vesting criteria. The performance-vesting criteria will be satisfied if the Company has achieved certain objectives established for each of fiscal 2017, fiscal 2018 and fiscal 2019, as applicable. On February 25, 2019, the Compensation Committee certified that the performance criteria established in connection with the third of the award relating to fiscal 2018 had been satisfied at the "maximum" level of achievement of 166.67%. Accordingly, that part of the award converted from PSUs to RSUs that remain subject to the time-vesting criteria.