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SMITH & WESSON BRANDS, INC. — Director's Dealing 2022
May 4, 2022
33129_dirs_2022-05-03_a8ca1777-5132-4159-8512-61621e3f584f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SMITH & WESSON BRANDS, INC. (SWBI)
CIK: 0001092796
Period of Report: 2022-05-01
Reporting Person: Smith Mark Peter (Director, See remarks.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-01 | Common Stock | M | 27860 | — | Acquired | 233845 | Direct |
| 2022-05-01 | Common Stock | F | 13478 | $14.19 | Disposed | 220367 | Direct |
| 2022-05-01 | Common Stock | F | 581 | $13.73 | Disposed | 219786 | Direct |
| 2022-05-02 | Common Stock | A | 41834 | $0.00 | Acquired | 261620 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-01 | Performance Rights | $ | M | 27860 | Acquired | 2022-05-01 | Common Stock (27860) | Direct |
| 2022-05-02 | Performance Rights | $ | A | 125500 | Acquired | 2025-05-02 | Common Stock (125500) | Direct |
Footnotes
F1: Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on achievement of certain target performance of the Issuer's stock price over a three-year performance period. The number of shares delivered is less than the maximum number of shares that may be delivered pursuant to the award.
F2: Includes 910 shares and 823 shares acquired under the Issuer's Employee Stock Purchase Plan on September 30, 2021 and March 31, 2022, respectively.
F3: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock units and performance stock units.
F4: One-quarter of the restricted stock units shall vest on each of the first, second, third, and fourth anniversaries of the date of grant. Shares, net of tax withholding, will be delivered on each applicable vesting date.
F5: Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on stock performance over a three-year performance period, and shares, net of tax withholding, will be delivered on June 30, 2025. The number represents the maximum number of shares that may be delivered pursuant to the award, which is two times the target number of shares.