Ryan Lake - Jan 24, 2024 Form 4 Insider Report for Societal CDMO, Inc. (SCTL)

Role
Chief Financial Officer
Signature
/s/ Ryan D. Lake
Stock symbol
SCTL
Transactions as of
Jan 24, 2024
Transactions value $
-$13,109
Form type
4
Date filed
1/26/2024, 05:59 PM
Previous filing
Jan 23, 2024
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCTL Common Stock Award $0 +110K +15.09% $0.00 839K Jan 24, 2024 Direct F1
transaction SCTL Common Stock Tax liability -$13.1K -37.5K -4.46% $0.35 802K Jan 24, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 24, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that performance-vesting criteria were met with regard to 110,025 performance-based restricted stock units granted in a prior year, which were converted into 110,025 shares of common stock on a one-for-one basis.
F2 Shares withheld by the Issuer to satisfy applicable withholding taxes upon vesting of the performance-based restricted stock units.