George R Aylward, Director of Virtus Investment Partners and a director of the company, recently acquired 14,686 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on March 15, 2016. Aylward now owns 144,067 shares of the company. Aylward operates out of Hartford, CT. Some additional info was provided as follows:
These shares comprise an award of restricted stock units ("RSUs") granted to the reporting person pursuant to the Company's 2016 Long Term Incentive Plan. Subject to acceleration in certain circumstances, the RSUs are scheduled to cliff vest on March 15, 2019 and will be settled for shares of common stock on a one-for-one basis upon vesting.
This number includes (i) 1,277.449
shares aquired in connection with the Issuer's Employee Stock Purchase Plan; (ii) 11,388 RSUs that are scheduled to cliff vest on March 15, 2017; and (iii) 14,686 RSUs that are scheduled to cliff vest on March 15, 2019. RSUs will be settled for shares of common stock on a one-for-one basis upon vesting.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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