Locke Jennifer L. 4
4 · Crimson Wine Group, Ltd · Filed Mar 27, 2023
Insider Transaction Report
Form 4
Locke Jennifer L.
CHIEF EXECUTIVE OFFICER
Transactions
- Award
Employee Stock Option (Right to buy)
2023-02-09+50,000→ 50,000 totalExercise: $7.50Exp: 2032-03-11→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The option as to 12,500 shares of common stock of Crimson Wine Group, Ltd. ("CWGL") vested on February 9, 2023, and the remainder of the option vests in three equal annual installments beginning on February 9, 2024.
- [F2]On March 11, 2022, the reporting person was granted an option to purchase 500,000 shares of CWGL common stock. The option vests in four installments based on CWGL's satisfaction of certain performance-based requirements for each of the fiscal years ending December 31, 2022, 2023, 2024, and 2025. The performance-based requirement for the fiscal year ended December 31, 2022 was met, resulting in the vesting of the option as to 50,000 shares of CWGL common stock.