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v3.23.2

Insider Trading Arrangements | 6 Months Ended
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Jun. 30, 2023 shares
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | On June 9, 2023, Wayne Wasechek, our Interim Vice President, Chief Financial Officer and Chief Accounting Officer, who is an officer for purposes of Section 16 of the Exchange Act, adopted a 10b5-1 trading arrangement (the 10b5-1 Trading Arrangement) intended to satisfy the affirmative defense of Rule 10b5-1(c)(1) under the Exchange Act and the company's policies regarding transactions in our securities. The 10b5-1 Trading Arrangement is intended to cover tax withholding obligations in connection with the vesting of restricted stock units (“RSUs”) granted to Mr. Wasechek on April 19, 2023, and related RSUs that represent dividend equivalents. Such sale is mandated by the company’s election under its equity incentive plans to require the satisfaction of its tax withholding obligations to be funded by a “sell to cover” transaction as soon as practicable on or after the settlement date for the RSUs, which is expected to be April 17, 2026. Therefore, the duration of the 10b5-1 Trading Arrangement is from June 9, 2023 until approximately April 20, 2026. Based on the share price of $49.05 per share on the date the RSUs were granted, the estimated number of shares of our company common stock to be sold pursuant to the 10b5-1 Trading Arrangement is approximately 1,194. No other company officers or directors adopted or terminated any 10b5-1 or non-10b5-1 trading arrangements during the three months ended June 30, 2023.
No Other Officer Or Director Other than CEO [Member] |
Trading Arrangements, by Individual |
Rule 10b5-1 Arrangement Adopted | false
Non-Rule 10b5-1 Arrangement Adopted | false
Rule 10b5-1 Arrangement Terminated | false
Non-Rule 10b5-1 Arrangement Terminated | false
Rule 10b5-1 Trading Plan [Member] |
Trading Arrangements, by Individual |
Name | Wayne Wasechek
Title | Interim Vice President, Chief Financial Officer and Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted | true
Arrangement Duration | 1047 days
Aggregate Available | 1,194

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