Richard W. Heo - Mar 23, 2022 Form 4 Insider Report for GULF ISLAND FABRICATION INC (GIFI)

Role
President & CEO, Director
Signature
/s/ Richard W. Heo
Stock symbol
GIFI
Transactions as of
Mar 23, 2022
Transactions value $
$0
Form type
4
Date filed
3/23/2022, 05:58 PM
Previous filing
May 28, 2021
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GIFI Common Stock Award $0 +50K +8.93% $0.00 610K Mar 23, 2022 Direct F1, F2

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 GIFI Restricted Stock Units (Cash Settled) Award $0 +50K $0.00 50K Mar 23, 2022 Common Stock 50K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition of time-vested restricted stock units upon the certification of the performance condition with respect to a performance award granted on May 26, 2021.
F2 The restricted stock units vest in three equal annual installments beginning May 26, 2022 provided the service condition is satisfied.
F3 Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock.