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Insider Trading Arrangements
3 Months Ended
Dec. 31, 2023
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
The following table provides information about trading arrangements adopted or terminated by certain of our officers and directors during the three months ended December 31, 2023.
Trading arrangement(1)
Aggregate
number of
securities to
be sold
under plan
Name and Title
ActionDate of AdoptionPlan
effective
date
Plan
end
date
Plan
duration
(months)
Rule 10b5-1Non-Rule 10b5-1
Michael P. Gianoni
Chief Executive Officer, President and Vice Chairman of the Board
Adoption11/07/232/26/248/09/24SixX50,000
Anthony W. Boor
Executive Vice President and Chief Financial Officer
Adoption11/07/232/26/248/09/24SixX30,000
Kevin P. Gregoire
Executive Vice President and Chief Operating Officer
Adoption11/15/232/26/2411/01/24NineX13,000
Kevin R. McDearis
Executive Vice President and Chief Technology Officer
Adoption11/17/233/06/246/04/24ThreeX5,253(2)
Jon W. Olson
Senior Vice President and General Counsel
Adoption11/21/233/06/249/27/24SevenX9,200
(1)An SEC "Rule 10b5-1(c) trading arrangement" is a trading arrangement made by a person through entering into a binding contract, verbal instruction or adoption of a written plan prior to becoming aware of material non-public information. The contract, instruction or written plan must specify the amount, price and date of securities to be sold; include the means for determining the amount, price and date of the sale or sales; and not permit the person to have subsequent influence over the sale or sales. The compliant plan must be entered into and operated in good faith, include a specified cooling off period, be certified by an authorized officer and is restricted from having multiple or overlapping plans. A non-compliant trading arrangement, or a "non-Rule 10b5-1 trading arrangement," is a trading arrangement that has similar requirements to a Rule 10b5-1(c) trading arrangement except that it must be in written form and does not require a cooling off period or certification of an authorized officer and there is no restriction from having multiple or overlapping plans.
(2)Represents the target quantity of Performance Share Awards which may be subject to a performance multiplier; therefore, the aggregate number of shares to be sold may be equal to, greater than or less than the target quantity.
None of our officers or directors adopted or terminated a non-Rule 10b5-1 trading arrangement during the three months ended December 31, 2023.
Non-Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Terminated false
Michael P. Gianoni [Member]  
Trading Arrangements, by Individual  
Name Michael P. Gianoni
Title Chief Executive Officer, President and Vice Chairman of the Board
Rule 10b5-1 Arrangement Adopted true
Adoption Date 11/07/23
Arrangement Duration 6 months 3 days
Aggregate Available 50,000
Anthony W. Boor [Member]  
Trading Arrangements, by Individual  
Name Anthony W. Boor
Title Executive Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 11/07/23
Arrangement Duration 6 months 3 days
Aggregate Available 30,000
Kevin P. Gregoire [Member]  
Trading Arrangements, by Individual  
Name Kevin P. Gregoire
Title Executive Vice President and Chief Operating Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 11/15/23
Arrangement Duration 8 months 26 days
Aggregate Available 13,000
Kevin R. McDearis [Member]  
Trading Arrangements, by Individual  
Name Kevin R. McDearis
Title Executive Vice President and Chief Technology Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 11/17/23
Arrangement Duration 2 months 29 days
Aggregate Available 5,253
Jon W. Olson [Member]  
Trading Arrangements, by Individual  
Name Jon W. Olson
Title Senior Vice President and General Counsel
Rule 10b5-1 Arrangement Adopted true
Adoption Date 11/21/23
Arrangement Duration 6 months 22 days
Aggregate Available 9,200