Michael Dennis Garcia, President of Domtar Corporation, just received 18,778 restricted shares from the company. The restricted shares don't become available to Garcia until such time as they become vested. Garcia now owns at least 21,276 restricted shares of the company.
Some additional info was provided as follows:
Each Stock Unit is the economic equivalent of one share of Domtar Corporation Common Stock.
Performance Stock Units (PSUs) for which performance goals have been achieved. These PSUs will vest on February 21, 2020, subject to continued service.
Performance Stock Units (PSUs) for which performance goals have been achieved. These PSUs will vest on February 20, 2021, subject to continued service.
Restricted Stock Units vest on February 19, 2022, subject
to continued service.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Waiver of a Provision of the Code of - Dec. 13, 2019