01/08/2025 | Press release | Distributed by Public on 01/08/2025 12:34
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 | |
NAGARAJAN SUNDARAM 28601 CLEMENS ROAD WESTLAKE, OH 44145 |
X | President and CEO |
Jennifer L. McDonough on behalf of Sundaram Nagarajan | 01/08/2025 |
**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) | Represents the portion of shares earned and not deferred, based upon achievement of performance measures, under the Performance Share Unit ("PSU") Awards made by the Company for the performance period 2022-2024. |
(2) | Pursuant to the Company's stock plan, the Reporting Person elected to defer 90% of the PSU award for the period 2022-2024, resulting in the addition of 8,201 Share Equivalent Units to his deferred compensation account. The balance reported herein reflects the addition of those Share Equivalent Units. |
(3) | Shares withheld to cover withholding taxes due upon the settlement of the non-deferred portion of the PSU award for the performance period 2022-2024. |