Tracy G. Purvis - May 10, 2024 Form 4 Insider Report for PYXUS INTERNATIONAL, INC. (PYYX)

Signature
/s/ Christopher Meredith, Attorney-In-Fact
Stock symbol
PYYX
Transactions as of
May 10, 2024
Transactions value $
$0
Form type
4
Date filed
5/14/2024, 06:18 PM
Previous filing
Jul 7, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PYYX Restricted Stock Units Disposed to Issuer $0 -36K -100% $0.00* 0 May 10, 2024 Common Stock 36K Direct F1, F2, F3
transaction PYYX Restricted Stock Units Award $0 +36K $0.00 36K May 10, 2024 Common Stock 36K Direct F1, F2, F4
transaction PYYX Restricted Stock Units Award $0 +39.2K $0.00 39.2K May 10, 2024 Common Stock 39.2K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Pyxus International, Inc. common stock.
F2 Reports the amendment to outstanding restricted stock units to extend the period by which the condition to vesting must be satisfied, revise the contingent events triggering vesting and provide for vesting upon the occurrence of certain events qualifying as a Change in Control, which amendments are deemed to effect a disposition of the outstanding restricted stock units and the re-grant of restricted stock units of the same amount having the amended terms. Such amendments were approved by the Compensation Committee of the Board of Directors of Pyxus International, Inc.
F3 The restricted stock units were awarded on July 6, 2021 and were fully earned for vesting, based on continued employment, through March 31, 2024, with vesting contingent upon Pyxus International, Inc.'s common stock being listed for trading on a securities exchange registered with the SEC under Section 6 of the Securities Exchange Act of 1934 or an approved foreign securities exchange.
F4 The restricted stock units were fully earned for vesting, based on continued employment, through March 31, 2024, with vesting contingent upon the earliest to occur (such earliest event to occur being referred to as the Vesting Event) of the following: (i) March 31, 2031; (ii) the occurrence of a Change in Control (as defined in the Pyxus International, Inc. Amended and Restated 2020 Incentive Plan) as a result of a merger, consolidation, share exchange or sale of all or substantially all of the assets of the Company; or (iii) Pyxus International, Inc.'s common stock being listed for trading on a securities exchange registered with the SEC under Section 6 of the Securities Exchange Act of 1934 or an approved foreign securities exchange.
F5 The restricted stock units were awarded on May 10, 2024 and are to be earned for vesting, subject to continued employment, in equal installments on May 10, 2025, March 31, 2026 and March 31, 2027, with vesting being further subject to the occurrence of the Vesting Event.

Remarks:

Exhibit 24 - Power of Attorney