AI assistant
UNISYS CORP — Director's Dealing 2023
May 10, 2023
33416_dirs_2023-05-10_c69fe20c-b053-4425-89c0-1179731beaa7.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNISYS CORP (UIS)
CIK: 0000746838
Period of Report: 2023-05-08
Reporting Person: ALTABEF PETER (CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-08 | Restricted Stock Units | $ | A | 192803 | Acquired | Common Stock (192803) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive up to one share of Unisys Corporation common stock.
F2: PB-RSUs granted under 2023 Equity Plan. PB-RSUs vest on 5/8/26 if 20-trading day trailing average of closing price of common stock over the 20 consecutive trading day period ending on 5/7/26 is $8 or higher (Vesting Condition) at a conversion rate of .25 shares to 1 share of common stock for each PB-RSU if the 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the period from the grant date through 5/7/26 (Vesting Period) is $8 to $14 (determined by linear interpolation between such range). If 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period never meets or exceeds $8, then PB-RSUs will not vest at all. If Vesting Condition is satisfied and 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period exceeds $14, then PB-RSUs will vest at the rate of 1 share for each PB-RSU.