Michael M. Collier - May 26, 2022 Form 4 Insider Report for HEALTHSTREAM INC (HSTM)

Role
Executive Vice President
Signature
/s/ Michael M. Collier
Stock symbol
HSTM
Transactions as of
May 26, 2022
Transactions value $
$0
Form type
4
Date filed
5/31/2022, 04:16 PM
Previous filing
Mar 18, 2022
Next filing
Sep 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HSTM Common Stock Holding 23K May 26, 2022 Direct

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 HSTM Restricted Share Units Award $0 +5.91K $0.00 5.91K May 26, 2022 Common Stock 5.91K $0.00 Direct F1, F2, F3, F4
transaction HSTM Restricted Share Units Award $0 +17.2K $0.00 17.2K May 26, 2022 Common Stock 17.2K $0.00 Direct F1, F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
F2 The RSUs were approved by the Compensation Committee of the Board of Directors on March 23, 2022, subject to shareholder approval of the 2022 Omnibus Incentive Plan under which the RSUs were granted. HealthStream's shareholders approved the plan on May 26, 2022.
F3 The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 23, 2023, 20% vest on March 23, 2024, 30% vest on March 23, 2025, and the remaining 35% vest on March 23, 2026.
F4 Not applicable.
F5 Vesting of these RSUs is contingent upon continued service at the time of vesting and the achievement of certain performance criteria. The performance criteria will be established on an annual basis by the Compensation Committee of the Board of Directors. Up to 15% vest on March 23, 2023 for the period January 1, 2022 through December 31, 2022; up to 20% vest on March 23, 2024 for the period January 1, 2023 through December 31, 2023; up to 20% vest on March 23, 2025 for the period January 1, 2024 through December 31, 2024; up to 20% vest on March 23, 2026 for the period January 1, 2025 through December 31, 2025; and up to 25% vest on March 23, 2027 for the period January 1, 2026 through December 31, 2026. Vesting will be determined based on actual performance. RSUs that do not vest during a performance period may become eligible for vesting during the next performance period.