| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TMST | Common Shares | Options Exercise | $18.5K | +3.52K | +2.05% | $5.26 | 175K | Dec 18, 2023 | Direct | |
| transaction | TMST | Common Shares | Options Exercise | $51.5K | +4.14K | +2.36% | $12.45 | 179K | Dec 18, 2023 | Direct | |
| transaction | TMST | Common Shares | Sale | -$176K | -7.66K | -4.27% | $23.00 | 171K | Dec 18, 2023 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TMST | Performance-Based Restricted Share Units | Award | $0 | +40K | $0.00 | 40K | Dec 15, 2023 | Common Shares | 40K | Direct | F1, F2 | ||
| transaction | TMST | Nonqualified Stock Option (Right to buy) | Options Exercise | $0 | -3.52K | -6.26% | $0.00 | 52.7K | Dec 18, 2023 | Common Shares | 3.52K | $5.26 | Direct | F3 |
| transaction | TMST | Nonqualified Stock Option (Right to buy) | Options Exercise | $0 | -4.14K | -12.5% | $0.00 | 29K | Dec 18, 2023 | Common Shares | 4.14K | $12.45 | Direct | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Each Performance-Based Restricted Share Unit ("PRSU") represents the right to receive one Issuer Common Share (or a cash payment equivalent thereto), plus cash dividend equivalents as applicable. |
| F2 | In general, the PRSUs can be earned from 0% to 200% depending on the degree to which the Issuer's Common Shares satisfy up to seven specified average closing price goals (based on 20 consecutive trading days' achievement of a specified 20-trading-day average price) (the "Average Share Price Goals") from December 1, 2023 through December 31, 2026. Generally, PRSUs earned based on the Average Share Price Goals (or, if earlier, based upon performance evaluation through a change in control of the Issuer) then generally pay out (subject to a payment cap) in two equal installments in early 2027 and 2028, subject to certain alternative terms for death, disability or termination without cause. |
| F3 | Vests in four equal annual installments beginning March 2, 2021. |
| F4 | Vests in four equal annual installments beginning March 1, 2020. |
The reporting person adopted a written plan for the sale of the Company's common shares intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) on August 29, 2023. All transactions reported herein with a transaction date of December 18, 2023, were made purusant to that plan.