06/03/2025 | Press release | Distributed by Public on 06/03/2025 13:08
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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lippert Martin J 1 CORPORATE WAY LANSING, MI 48951 |
X |
/s/ Kristan L. Richardson, as Attorney-in-Fact | 06/03/2025 | |
**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 restricted share units ("RSUs") granted on June 1, 2025, as part of the 2025-2026 Annual Director Compensation. The RSUs cliff vest on June 1, 2026, or the next Annual Meeting of Shareholders, whichever comes first. Vested RSUs settle in common stock on a one-for-one basis upon the Director's end of service and any fractional shares will be paid in cash. |
(2) | Reflects restricted share units ("RSUs") granted on June 1, 2025, where the Director elected to receive equity in lieu of the cash portion of the 2025-2026 Annual Director Compensation. The RSUs vest in four equal tranches on August 31, 2025, November 30, 2025, February 28, 2026, and May 31, 2026. Vested RSUs settle in common stock on a one-for-one basis upon the Director's end of service and any fractional shares will be paid in cash. |
Remarks: Power of Attorney on file. |