SVP of Virtus Investment Partners just picked up 513 shares

Mardelle W Pena, SVP of Virtus Investment Partners, recently acquired 513 shares of the company. The buys took place at prices ranging from $0.00 to $76.60 per share, on March 15, 2016. Pena now owns 6,354 shares of the company. Pena 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. Exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of a RSU award. This number includes (i) 568 RSUs that are scheduled to cliff vest on March 15, 2017 and (ii) 815 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.

To receive a free e-mail notification whenever Virtus Investment Partners makes a similar move, sign up!

Auto Refresh

Feedback