Labat Jerome 4
4 · CERNER Corp · Filed Mar 29, 2021
Insider Transaction Report
Form 4
CERNER CorpCERN
Labat Jerome
EVP & Chief Technology Officer
Transactions
- Award
Restricted Stock Units
2021-03-26+10,401→ 10,401 totalExercise: $0.00From: 2023-06-01Exp: 2023-06-01→ Common Stock (10,401 underlying)
Holdings
- 0
Common Stock
- 34,442
Restricted Stock Units
Exercise: $0.00From: 2021-06-01Exp: 2023-06-01→ Common Stock (34,442 underlying)
Footnotes (2)
- [F1]Reporting person was granted performance-based restricted stock units on June 1, 2020, which are earned based on the attainment of established performance criteria unrelated to the Company's stock price. As a result of our Q4 2020 performance relative to the attainment of the established Adjusted Operating Margin performance targets, the number of shares listed in this Table II were banked upon Compensation Committee approval, and will be banked until June 1, 2023, the vest date, subject to continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Cerner Corporation common stock.
- [F2]This transaction represents a grant of restricted stock units to the reporting person by the issuer. Therefore, no consideration other than the value of services rendered was paid for the security.