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Advantage Solutions Inc. — Director's Dealing 2023
Mar 14, 2023
32822_dirs_2023-03-14_d56e0a3b-209a-45ab-ae13-7b4e8dcaa41a.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: 2023-03-11
Reporting Person: Stevens Brian (CFO & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-11 | Class A Common Stock | M | 24306 | $0.00 | Acquired | 388827 | Direct |
| 2023-03-11 | Class A Common Stock | F | 28141 | $2.02 | Disposed | 360686 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-11 | Performance Restricted Stock Unit | $ | M | 24306 | Disposed | Class A Common Stock (24306) | Direct |
Footnotes
F1: Represents the partial vesting of a Performance Restricted Stock Unit (PSU) award originally granted on March 11, 2022.
F2: Represents shares withheld by the Company to satisfy tax withholding requirements on vesting of the PSUs and restricted stock units previously reported in Table I as Class A Common Stock.
F3: In connection with the vesting reported herein, 59,166 of the PSUs originally awarded to the Reporting Person were cancelled for no consideration. Subject to the achievement of certain performance conditions based on Adjusted EBITDA and Revenue, the remaining PSUs are scheduled to vest over a two-year period and may vest from 0% to 150% of the target number of PSUs reported on this Form 4.