01/03/2025 | Press release | Distributed by Public on 01/03/2025 18:24
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Maes Gregoire C/O COMPOSECURE, INC. 309 PIERCE STREET SOMERSET, NJ 08873 |
Chief Operating Officer |
/s/ Gregoire Maes, by attorney-in-fact Steven J. Feder | 01/03/2025 |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Reflects the number of shares withheld in satisfaction of applicable tax withholding obligations in connection with the net settlement of 62,500 restricted stock units ("RSUs") that vested on January 1, 2025. These RSUs were originally granted on March 16, 2022 in the aggregate amount of 250,000 RSUs, for which the remaining 62,500 RSUs (the "2022 Unvested Time-Vesting RSUs") will continue to vest on January 1, 2026, subject to the reporting person's continued service as of the vesting date. |
(2) | Reflects the number of shares withheld in satisfaction of applicable tax withholding obligations in connection with the net settlement of 43,659 restricted stock units ("RSUs") that vested on January 1, 2025. These RSUs were originally granted on March 9, 2023 in the aggregate amount of 130,976 RSUs, for which the remaining 43,658 RSUs (the "2023 Unvested Time-Vesting RSUs") will continue to vest on January 1, 2026, subject to the reporting person's continued service as of the vesting date. |
(3) | Reflects the number of shares withheld in satisfaction of applicable tax withholding obligations in connection with the net settlement of 53,565 restricted stock units ("RSUs") that vested on January 1, 2025. These RSUs were originally granted on March 15, 2024 in the aggregate amount of 160,694 RSUs, for which the remaining 107,129 RSUs (the "2024 Unvested Time-Vesting RSUs") will continue to vest ratably on each of, January 1, 2026 and January 1, 2027, respectively, subject to the reporting person's continued service as of the applicable vesting date. |
(4) | Includes (A) 179,228 shares of Class A Common Stock owned by the reporting person, (B) 62,500 shares of Class A Common Stock underlying the 2022 Unvested Time-Vesting RSUs, (C) 43,658 shares of Class A Common Stock underlying the 2023 Unvested Time-Vesting RSUs, (D) 107,129 shares of Class A Common Stock underlying the 2024 Unvested Time-Vesting RSUs, and (E) 291,670 performance-vesting RSUs, which will vest over the applicable performance period based on the achievement of the provided performance targets, as set forth in the respective governing award agreement, subject to the reporting person's continued service as of the applicable vesting date and that will be settled into Class A Common Stock upon vesting.. The RSUs will be settled into Class A Common Stock upon vesting and may be settled net of shares withheld to pay applicable taxes. |