John Alfred S 4
4 · WESTELL TECHNOLOGIES INC · Filed Apr 3, 2019
Insider Transaction Report
Form 4
John Alfred S
President & CEO
Transactions
- Award
Class A Common Stock
2018-08-03+5,000→ 55,000 total - Award
Class A Common Stock
2019-04-01+37,037→ 92,037 total
Footnotes (2)
- [F1]Based upon the Company's fiscal year 2019 first quarter ended June 30, 2018 financial performance compared to pre-established performance goals approved by the Compensation Committee, Mr. John earned a performance-based award of restricted stock units (PSUs) pursuant to the 2015 Omnibus Incentive Compensation Plan. The award will vest on May 21, 2019, subject to continued employment. Upon vesting, the PSUs convert into shares of Class A Common Stock on a one-for-one basis.
- [F2]The Compensation Committee approved an award of restricted stock units (RSUs) pursuant to the 2015 Omnibus Incentive Compensation Plan. The RSUs vest 33% annually beginning on April 1, 2020 and for each of the following two years concluding on April 1, 2022. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.