Froemming Kevin 4
4 · Playa Hotels & Resorts N.V. · Filed Jan 6, 2021
Insider Transaction Report
Form 4
Froemming Kevin
Chief Marketing Officer
Transactions
- Award
Ordinary Shares
2021-01-04+146,789→ 417,577 total - Sale
Ordinary Shares
2021-01-06$5.58/sh−14,622$81,591→ 402,955 total
Footnotes (5)
- [F1]Represents restricted Ordinary Shares granted to the reporting person pursuant to the Issuer's 2017 Omnibus Incentive Plan. The shares will vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person's continued employment.
- [F2]Amount reported reflects the voluntary waiver and forfeiture of all the reporting person's performance-based restricted Ordinary Shares that were granted to him in 2018, 2019 and 2020, as disclosed in the Issuer's Current Report on Form 8-K filed with the SEC on October 9, 2020.
- [F3]Represents shares sold to cover tax withholding due upon vesting of restricted Ordinary Shares.
- [F4]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F5]This transaction was executed in multiple trades at prices ranging from $5.55 to $5.64; the price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.