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Insider Trading Arrangements | 3 Months Ended
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Mar. 30, 2024 shares
Trading Arrangements, by Individual |
Rule 10b5-1 Arrangement Adopted | true
Non-Rule 10b5-1 Arrangement Adopted | false
Rule 10b5-1 Arrangement Terminated | false
Non-Rule 10b5-1 Arrangement Terminated | false
Anila Lingamneni [Member] |
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | During the three months ended March 30, 2024, certain of our directors and officers (as defined under Rule 16a-1(f) under the Securities Exchange Act of 1934) adopted or terminated trading arrangements for the sale of shares of our common stock as follows:
|  |  |  |  |  | Trading Arrangement |  |  |  |
Name and Title |  | Action |  | Date(1) |  | Rule 10b5-1* |  | Non-Rule 10b5-1** |  | Number of Shares to be Sold(2) |  | Expiration Date(3)
Anila Lingamneni, EVP, Chief Technology Officer |  | Adoption |  | 3/13/2024 |  | X |  |  |  | 11,679(4) |  | 5/30/2025
* Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934.
** Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934.
(1) Reflects the fully-executed date of each trading arrangement, which may differ from the date of first execution by an officer or director.
(2) The number of shares of common stock sold under each trading arrangement, if any, will be net of shares withheld for applicable tax obligations upon the vesting and/or exercise of covered securities as well as for payment of the exercise price upon the exercise of stock options, which amounts are not yet determinable.
(3) Except as otherwise indicated by footnote, each trading arrangement expires upon the earlier of (a) completion of all authorized transactions thereunder and (b) the expiration date listed above.
(4) Includes 7,070 target shares subject to a performance share unit (“PSU”) award previously granted to Ms. Lingamneni on May 18, 2021. The actual number of shares to be earned under the PSU award, and subject to sale under this trading arrangement, may range from 0% to a maximum of 200% of the target award depending upon the Company’s total shareholder return relative to the components of the S&P MidCap 400 index during a three-year performance period from May 18, 2021 to May 17, 2024.
Name | Anila Lingamneni
Title | EVP, Chief Technology Officer
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | 3/13/2024
Arrangement Duration | 443 days
Aggregate Available | 11,679

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