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OneSpan Inc. — Director's Dealing 2024
Feb 22, 2024
32649_dirs_2024-02-21_8f424d0d-b471-42c6-bee2-563f61e65ae4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OneSpan Inc. (OSPN)
CIK: 0001044777
Period of Report: 2024-02-19
Reporting Person: Martell Jorge Garcia (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-19 | Common Stock | M | 5693.00 | — | Acquired | 24134.00 | Direct |
| 2024-02-21 | Common Stock | F | 1973.00 | $10.02 | Disposed | 22161.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-19 | Restricted Stock Units | $ | M | 5694.00 | Disposed | Common Stock (5693.00) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.
F2: On February 23, 2023, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2023. One February 19, 2024, the registrant's Compensation Committee determined that the reporting person had earned 17,083 PSUs based on the 2023 financial metrics. Effective on February 19, 2024,1/3 (or 5,693) of the earned PSUs were deemed vested on December 31, 2023 and an additional 1/3 will vest on each of December 31, 2024 and December 31, 2025, assuming the reporting person continues to be employed by the registrant on each such date.