Nathan Olmstead - Aug 15, 2022 Form 4 Insider Report for LOGITECH INTERNATIONAL S.A. (LOGI)

Role
Chief Financial Officer
Signature
/s/ Jon Shanberge as attorney in fact for Nathan Olmstead
Stock symbol
LOGI
Transactions as of
Aug 15, 2022
Transactions value $
-$1,646,801
Form type
4
Date filed
8/17/2022, 04:13 PM
Previous filing
May 18, 2022
Next filing
Jun 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOGI Registered Shares Award $0 +44.2K +78.48% $0.00 101K Aug 15, 2022 Direct F1
transaction LOGI Registered Shares Tax liability -$1.28M -21.9K -21.8% $58.58 78.7K Aug 15, 2022 Direct F2
transaction LOGI Registered Shares Tax liability -$362K -6.18K -7.86% $58.58 72.5K Aug 15, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired pursuant to the vesting of performance share units (PSUs). The number of PSUs that vested was determined based on Logitech's weighted average revenue growth, total shareholder return (TSR) relative to the other companies in the NASDAQ 100 and non-GAAP operating income, each over a three-year period from April 1, 2019 through March 31, 2022.
F2 In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to PSUs.
F3 In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to previously reported restricted stock units.