Vincent D. Kelly - Feb 29, 2024 Form 4 Insider Report for Spok Holdings, Inc (SPOK)

Role
President & CEO, Director
Signature
/Vincent D. Kelly/
Stock symbol
SPOK
Transactions as of
Feb 29, 2024
Transactions value $
$407,264
Form type
4
Date filed
3/1/2024, 04:00 PM
Previous filing
Jan 4, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPOK Common Stock Options Exercise $742K +43.8K +16.05% $16.92 317K Feb 29, 2024 Vincent DePaul Kelly,Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust F1
transaction SPOK Common Stock Tax liability -$335K -19.8K -6.24% $16.92 297K Feb 29, 2024 Vincent DePaul Kelly,Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust

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 SPOK Restricted Stock Unit Options Exercise $0 -43.8K -16.36% $0.00 224K Feb 29, 2024 Common Stock 43.8K Vincent DePaul Kelly, Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust F1, F2
transaction SPOK Restricted Stock Unit Tax liability $0 -1.08K -0.48% $0.00 223K Feb 29, 2024 Common Stock 1.08K Vincent DePaul Kelly, Trustee of the Vincent DePaul Kelly Fifth Amended and Restated Revocable Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 4, 2021, Mr. Kelly was granted an award of Restricted Stock Units ("RSUs"), which vest in the form of Common Stock if specified performance objectives of the Company set forth in the 2021 Long Term Incentive Plan ("LTIP") are achieved for the year ending December 31, 2023. On February 28, 2024, shares were issued upon vesting of the RSUs.
F2 Each Restricted Stock Units ("RSUs") represents a contingent right to receive one share of the issuer's Common Stock.
F3 On February 29, 2024, 19,775 shares were forfeited due to performance criteria of the 2021 LTIP not being met.