Charles L. Horn - Feb 15, 2022 Form 4 Insider Report for Loyalty Ventures Inc. (LYLT)

Signature
Cynthia L. Hageman, Attorney in Fact
Stock symbol
LYLT
Transactions as of
Feb 15, 2022
Transactions value $
$0
Form type
4
Date filed
2/17/2022, 03:16 PM
Previous filing
Dec 15, 2021
Next filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYLT Common Stock Award +54.9K +112.58% 104K Feb 15, 2022 Direct F1
transaction LYLT Common Stock Award +29.5K +28.52% 133K Feb 15, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The new grant is for 54,872 shares of common stock represented by time-based restricted stock units. The time restrictions may lapse on 18,107 units on 2/15/23, on 18,108 units on 2/15/24 and on 18,657 units on 2/15/25 subject to continued employment by the Reporting Person with the issuer on the vesting date.
F2 The new grant is for 29,547 shares of common stock represented by performance-based restricted stock units, which may be adjusted up or down from 0% to 150% at the time the performance restriction lapses, contingent on meeting a predetermined 2022 consolidated adjusted EBITDA performance measure. Further time restrictions may lapse with respect to 33% of such shares on each of 2/15/23 and 2/15/24 and with respect to 34% of such shares on 2/15/25 subject to continued employment by the Reporting Person with the issuer on the vesting date.
F3 The total number of securities beneficially owned includes: (a) 15,796.605 unrestricted shares; (b) 32,946 unvested units from an award of 32,946 time-based restricted stock units granted 12/15/21; (c) the new grant for 54,872 time-based restricted stock units; and (d) the new grant for 29,547 performance-based restricted stock units.