Cathleen A. Benko - May 23, 2024 Form 4 Insider Report for SolarWinds Corp (SWI)

Role
Director
Signature
/s/ Jason W. Bliss Attorney-in-Fact for Cathleen A. Benko
Stock symbol
SWI
Transactions as of
May 23, 2024
Transactions value $
$0
Form type
4
Date filed
5/24/2024, 04:11 PM
Previous filing
Sep 14, 2023
Next filing
Sep 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWI Common Stock Award $0 +17.6K +23.93% $0.00 91K May 23, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units awarded pursuant to the annual equity grant under the issuer's non-employee director compensation policy that entitle the reporting person to receive one share of the issuer's common stock per restricted stock unit upon vesting. The restricted stock units vest 100% on the one-year anniversary of the grant date, subject to continued service through such date.
F2 On March 15, 2024, the Issuer's Board of Directors declared a special cash dividend, payable on April 15, 2024 to holders of record as of April 3, 2024. As a result, pursuant to the anti-dilution provisions of the Issuer's 2018 Equity Incentive Plan, outstanding restricted stock units were adjusted such that each restricted stock unit awarded to the reporting person was converted into 1.0854 restricted stock units, respectively. The number of securities beneficially owned has been adjusted to reflect the inclusion of such restricted stock units, as adjusted in connection with the special cash dividend.