09/25/2025 | Press release | Distributed by Public on 09/25/2025 15:53
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 09/24/2025 | M(1) | 100,000 | (4) | (4) | Voting Common Stock | 100,000 | $ 0 | 2,594,599 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
JACOBS PAUL E 1351 HOLIDAY SQUARE BLVD COVINGTON, LA 70433 |
X | Chief Executive Officer |
Kelly C. Simoneaux, attorney-in-fact for Paul E. Jacobs | 09/25/2025 | |
**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) | Vesting of a portion of performance-based restricted stock units ("RSUs") granted on 9/25/2023. |
(2) | Shares sold to cover taxes due upon the vesting of a performance share award in accordance with a mandatory sell-to-cover program maintained by the registrant. |
(3) | The shares were sold in multiple transactions at prices ranging from $34.6699 to $35.2601 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(4) | Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in tranches upon the Issuer's common stock achieving certain price thresholds based on the 60-day weighted average closing price per share. The number of shares has been adjusted to reflect the Issuer's 1 for 15 reverse stock spilt effected on February 10, 2025. |