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Insider Trading Arrangements | 3 Months Ended | 9 Months Ended
--- | --- | ---
Oct. 27, 2024 shares | Oct. 27, 2024 shares
Trading Arrangements, by Individual |  |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Officer Trading Arrangement [Member] |  |
Trading Arrangements, by Individual |  |
Material Terms of Trading Arrangement |  | During the third quarter of fiscal 2024, none of our directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408, except as described in the table below:
Name & Title | Date Adopted | Character of Trading Arrangement 1 | Aggregate Number of Shares of Common Stock to be Purchased or Sold Pursuant to Trading Arrangement | Duration 2 | Other Material Terms | Date Terminated
Laura Alber, Director, President and Chief Executive Officer | September 10, 2024 | Rule 10b5-1 Trading Arrangement | Up to 270,000 shares to be sold | January 21, 2025 through November 28, 2025 | N/A | N/A
Jeff Howie, Executive Vice President and Chief Financial Officer | August 26, 2024 | Rule 10b5-1 Trading Arrangement | Up to 78,724 shares to be sold 3 | December 2, 2024 through September 30, 2025 | N/A | N/A
1 Except as indicated by footnote, each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the “Rule”). 2 The Rule 10b5-1 Trading Arrangements permit transactions through and including the earlier to occur of (a) the completion of all purchases or sales or (b) the date listed in the table. The Rule 10b5-1 Trading Arrangements only permit transactions upon expiration of the applicable mandatory cooling-off period under the Rule. The Rule 10b5-1 Trading Arrangements also provide for automatic expiration in the event of written notice of death or legal incapacity, our filing of a bankruptcy petition, the closing of a merger, recapitalization, acquisition, tender or exchange offer, or other business combination or reorganization resulting in the exchange or conversion of our common stock into shares of another company, the conversion of our common stock into rights to receive fixed amounts of cash or into debt securities and/or preferred stock (whether in whole or in part), the termination of the Rule 10b5-1 Trading Arrangement by the executive, or, in the case of Mr. Howie, our common stock is no longer listed on a national securities exchange. 3 This number includes shares of our common stock issuable pursuant to unvested restricted stock units and unvested performance stock units (“PSUs”). The PSUs are subject to the achievement of certain performance conditions as set forth in the applicable PSU agreement. The actual number of PSUs that vest following the end of the applicable performance period, if any, and therefore the resulting shares of our common stock available for sale under the plan will depend on the attainment of the performance metrics.
Officer Trading Arrangement [Member] | Laura Alber [Member] |  |
Trading Arrangements, by Individual |  |
Name | Laura Alber |
Title | Director, President and Chief Executive Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | September 10, 2024 |
Expiration Date | November 28, 2025 |
Arrangement Duration | 311 days |
Aggregate Available | 270,000 | 270,000
Officer Trading Arrangement [Member] | Jeff Howie [Member] |  |
Trading Arrangements, by Individual |  |
Name | Jeff Howie |
Title | Executive Vice President and Chief Financial Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | August 26, 2024 |
Expiration Date | September 30, 2025 |
Arrangement Duration | 302 days |
Aggregate Available | 78,724 | 78,724

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