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Advantage Solutions Inc. — Director's Dealing 2022
Mar 3, 2022
32822_dirs_2022-03-03_bc65703e-1ea4-46e8-b38c-cd437cb3ddcc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Advantage Solutions Inc. (ADV)
CIK: 0001776661
Period of Report: 2022-03-01
Reporting Person: Kaye Dean (CFO - North America)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-01 | Class A Common Stock | M | 50524 | — | Acquired | 71853 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-01 | Performance Restricted Stock Unit | $ | M | 50524 | Disposed | Class A Common Stock (50524) | Direct |
Footnotes
F1: Shares of Class A Common Stock and restricted stock units with respect to Class A Common Stock (RSUs) were received upon the satisfaction of performance conditions of performance restricted stock units (PSUs) reported on this Form 4. 33,682 of these RSUs remain subject to service vesting scheduled to occur ratably on 1/4/2023 and 1/4/2024.
F2: Represents an award of PSUs that is a contingent right to receive Class A Common Stock upon vesting. Effective as of March 1, 2022, the Issuer's compensation committee certified the performance results of the PSUs, resulting in the conversion of 50,523 units into shares of Class A Common Stock and Restricted Stock Units and the forfeiture for no consideration of 9,064 units previously reported as a component of the target award.
F3: Represents PSUs remaining eligible to vest on 1/4/2024 subject to achievement of additional performance conditions.