4//SEC Filing
Wright Lee A. 4
Accession 0001415889-23-003495
CIK 0001528930other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 5:01 PM ET
Size
8.8 KB
Accession
0001415889-23-003495
Insider Transaction Report
Form 4
Franchise Group, Inc.FRG FRGAP
Wright Lee A.
Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2023-02-24+18,629→ 18,629 total→ Common Stock (18,629 underlying) - Award
Performance Restricted Stock Units
2023-02-24+18,629→ 18,629 total→ Common Stock (18,629 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
- [F2]The restricted stock units shall become fully vested on February 24, 2026, provided that the reporting person is in the employ of the Issuer at the time of such vesting.
- [F3]Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock ("Common Stock"). The maximum number of PRSUs is presented in the table. The resulting number of shares acquired upon vesting of the PRSU is measured based upon the achievement of certain performance metrics tied to adjusted EBITDA and free cash flow, as determined by the Compensation Committee at the time of grant, over a three-year performance period commencing on January 1, 2023 and ending on January 3, 2026 (the "Performance Period"). Vesting of the target level PRSUs will accelerate upon death, disability or qualified retirement in an amount equal to the proportion of days in the Performance Period worked. Vesting of the target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the Performance Period.
Documents
Issuer
Franchise Group, Inc.
CIK 0001528930
Entity typeother
Related Parties
1- filerCIK 0001531650
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 5:01 PM ET
- Size
- 8.8 KB