Palermo Enrico Liberato 4
4 · Virgin Galactic Holdings, Inc · Filed Oct 27, 2020
Insider Transaction Report
Form 4
Palermo Enrico Liberato
President, TSC, LLC
Transactions
- Award
Stock Option
2020-10-25+229,172→ 229,172 totalExercise: $19.14Exp: 2030-10-25→ Common Stock (229,172 underlying) - Tax Payment
Common Stock
2020-10-25$19.14/sh−12,032$230,292→ 411,864 total - Award
Common Stock
2020-10-25+229,171→ 423,896 total
Holdings
- 50(indirect: As custodian for son 1)
Common Stock
- 50(indirect: As custodian for son 2)
Common Stock
Footnotes (3)
- [F1]Represents an award of Restricted Stock Units (RSUs), which vests with respect to 25% of the RSUs on October 25, 2021 and, as to the remaining RSUs, in 36 equal monthly installments thereafter, subject to the executive's continued service. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
- [F2]Represents the number of shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon vesting of 25% of the RSUs granted on October 25, 2019.
- [F3]The option shall vest with respect to 25% of the underlying shares on October 25, 2021 and, as to the remaining underlying shares, in 36 equal monthly installments thereafter, subject to the executive's continued service.