Peter A Dorsman, an insider of HD Supply Holdings, Inc., just received 3,884 restricted shares from the company. The restricted shares don't become available to Dorsman until such time as they become vested. Dorsman now owns at least 3,884 restricted shares of the company.
Some additional info was provided as follows:
Each unit represents a contingent right to receive one share of Issuer common stock.
Grant of restricted stock units under Issuer Omnibus Incentive Plan pursuant to its Board of Directors Compensation Policy. The units vest on the earliest of (1) the one-year anniversary of the grant date, (2) the next annual stockholders meeting, or (3) a change in control, and will be settled upon vesting unless the reporting person elects to defer settlement to
a later date. A pro rata portion of the award vests upon termination of board service due to death, disability or age 75 retirement. The reporting person has elected to defer settlement of the vested award to termination of board service.
Grant of deferred stock units under the Issuer Omnibus Incentive Plan pursuant to the election of the reporting person to convert quarterly cash fees for board service to deferred stock units. The deferred stock units are fully vested and will be settled upon termination of board service.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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