04/28/2025 | Press release | Distributed by Public on 04/28/2025 16:57
FORM 4
|
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 |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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 | ||||||||
Restricted Stock Units | (4) | 04/24/2025 | A | 40,580 | (5) | (5) | Common Stock | 40,580 | $ 0 | 40,580 | D | ||||
Restricted Stock Units | (4) | 04/27/2025 | M | 8,787 | (6) | (6) | Common Stock | 8,787 | $ 0 | 8,789 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
McCabe James F JR 555 E. LANCASTER AVENUE SUITE 400 RADNOR, PA 19087 |
SVP & CFO |
Jennifer H. Allen, POA for James F. McCabe, Jr. | 04/28/2025 | |
**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 Common Stock earned by the Reporting Person from a performance-based restricted stock units award granted in Fiscal Year 2023 due to the achievement of certain performance goals, as determined by The Human Capital and Compensation Committee of the Issuer on April 24, 2025. |
(2) | Represents shares withheld to cover a tax liability in connection with the vesting of the performance-based restricted stock units described herein. |
(3) | Represents shares withheld to cover a tax liability in connection with the vesting of the restricted stock units described herein. |
(4) | Each restricted stock unit represents the right to receive one share of the Registrant's common stock. |
(5) | Represents an award of restricted stock units with 1/3 of the award vesting on each of the first, second and third anniversaries of the date of grant. Earlier potential lapse of forfeiture events set forth in the Company's severance plans applies to this award. |
(6) | The remaining restricted stock units vest on April 27, 2026. Earlier potential lapse of forfeiture events set forth in the Company's severance plans applies to this award. |