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Insider Trading Arrangements shares in Thousands | 6 Months Ended
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Jun. 30, 2023 shares
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | Adoption of 10b5-1 Trading Plans by Our Officers and Directors During our fiscal quarter ended June 30, 2023, certain of our directors and officers (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) entered into contracts, instructions or written plans for the purchase or sale of our securities that are intended to satisfy the conditions specified in Rule 10b5-1(c) under the Exchange Act for an affirmative defense against liability for trading in securities on the basis of material nonpublic information. We refer to these contracts, instructions, and written plans as “Rule 10b5-1 trading plans” and each one as a “Rule 10b5-1 trading plan.” We describe the material terms of these Rule 10b5-1 trading plans below. Mark T. Behrman, President and Chief Executive Officer On May 17, 2023, Mark T. Behrman, our President and Chief Executive Officer and a member of our board of directors, entered into a Rule 10b5-1 trading plan that is intended to satisfy the affirmative defense of Rule 10b5-1(c) and provides that Mr. Behrman, acting through a broker, may sell up to an aggregate of 250,000 shares of our common stock, subject to adjustments for stock splits, stock combinations, stock dividends and other similar changes to our common stock. The total vested and unvested common shares held by Mr. Behrman is 1,784,460. Sales of shares under the plan may only occur from August 15, 2023 to March 31, 2024. The plan is scheduled to terminate on March 31, 2024, subject to earlier termination upon the sale of all shares subject to the plan or the expiration of all sale orders under the plan, upon termination by Mr. Behrman or the broker, or as otherwise provided in the plan. Cheryl A. Maguire, Executive Vice President and Chief Financial Officer On May 17, 2023, Cheryl A. Maguire, our Executive Vice President and Chief Financial Officer, entered into a Rule 10b5-1 trading plan that is intended to satisfy the affirmative defense of Rule 10b5-1(c) and provides that Ms. Maguire, acting through a broker, may sell up to an aggregate of 100,000 shares of our common stock, subject to adjustments for stock splits, stock combinations, stock dividends and other similar changes to our common stock. The total vested and unvested common shares held by Ms. Maguire is 308,631. Sales of shares under the plan may only occur from August 16, 2023 to May 18, 2024.The plan is scheduled to terminate on May 18, 2024, subject to earlier termination upon the sale of all shares subject to the plan or the expiration of all sale orders under the plan, upon termination by Ms. Maguire or the broker, or as otherwise provided in the plan. Michael J. Foster, Executive Vice President, General Counsel & Secretary On May 8, 2023, Michael J. Foster, our Executive Vice President, General Counsel & Secretary, entered into a Rule 10b5-1 trading plan that is intended to satisfy the affirmative defense of Rule 10b5-1(c) and provides that Mr. Foster, acting through a broker, may sell up to an aggregate of 100,000 shares of our common stock, subject to adjustments for stock splits, stock combinations, stock dividends and other similar changes to our common stock. The total vested and unvested common shares held by Mr. Foster is 451,635. Sales of shares under the plan may only occur from August 7, 2023 to July 31, 2024. The plan is scheduled to terminate on July 31, 2024, subject to earlier termination upon the sale of all shares subject to the plan or the expiration of all sale orders under the plan, upon termination by Mr. Foster or the broker, or as otherwise provided in the plan. John P. Burns, Executive Vice President – Manufacturing On May 8, 2023, John P. Burns, our Executive Vice President – Manufacturing, entered into a Rule 10b5-1 trading plan that is intended to satisfy the affirmative defense of Rule 10b5-1(c) and provides that Mr. Burns, acting through a broker, may sell up to an aggregate of 61,248 shares of our common stock, subject to adjustments for stock splits, stock combinations, stock dividends and other similar changes to our common stock. The total vested and unvested common shares held by Mr. Burns currently is 208,605. Sales of shares under the plan may only occur from August 9, 2023 to February 22, 2024. The plan is scheduled to terminate on February 22, 2024, subject to earlier termination upon the sale of all shares subject to the plan or the expiration of all sale orders under the plan, upon termination by Mr. Burns or the broker, or as otherwise provided in the plan. Kristy D. Carver, Senior Vice President and Treasurer On May 8, 2023, Kristy D. Carver, our Senior Vice President and Treasurer, entered into a Rule 10b5-1 trading plan that is intended to satisfy the affirmative defense of Rule 10b5-1(c) and provides that Ms. Carver, acting through a broker, may sell up to an aggregate of 26,813 shares of our common stock, subject to adjustments for stock splits, stock combinations, stock dividends and other similar changes to our common stock. The total vested and unvested common shares held by Ms. Carver is 93,335. Sales of shares under the plan may only occur from August 7, 2023 to February 29, 2024. The plan is scheduled to terminate on February 29, 2024, subject to earlier termination upon the sale of all shares subject to the plan or the expiration of all sale orders under the plan, upon termination by Ms. Carver or the broker, or as otherwise provided in the plan.
Mark T Behrman [Member] |
Trading Arrangements, by Individual |
Name | Mark T. Behrman
Title | President and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | May 17, 2023
Termination Date | March 31, 2024
Aggregate Available | 250,000
Underlying Securities | 1,784,460
Cheryl A. Maguire [Member] |
Trading Arrangements, by Individual |
Name | Cheryl A. Maguire
Title | Executive Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | May 17, 2023
Termination Date | May 18, 2024
Aggregate Available | 100,000
Underlying Securities | 308,631
Michael J. Foster [Member] |
Trading Arrangements, by Individual |
Name | Michael J. Foster
Title | Executive Vice President, General Counsel & Secretary
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | May 8, 2023
Termination Date | July 31, 2024
Aggregate Available | 100,000
Underlying Securities | 451,635
John P. Burns [Member] |
Trading Arrangements, by Individual |
Name | John P. Burns
Title | Executive Vice President – Manufacturing
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | May 8, 2023
Termination Date | February 22, 2024
Aggregate Available | 61,248
Underlying Securities | 208,605
Kristy D. Carver [Member] |
Trading Arrangements, by Individual |
Name | Kristy D. Carver
Title | Senior Vice President and Treasurer
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | May 8, 2023
Termination Date | February 29, 2024
Aggregate Available | 26,813
Underlying Securities | 93,335

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