Mark S Flynn, Virtus Investment Partners's EVP & General Counsel, recently acquired 791 shares of the company. The buys took place at prices ranging from $0.00 to $76.60 per share, on March 15, 2016. Flynn now owns 8,100 shares of the company. Flynn 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) 854 RSUs that are scheduled to cliff vest on March 15, 2017 and (ii) 1,142 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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