Insider Trading Arrangements - shares |
1 Months Ended | 3 Months Ended | 9 Months Ended | |
|---|---|---|---|---|
Nov. 14, 2024 |
Nov. 30, 2024 |
Nov. 30, 2024 |
Nov. 30, 2024 |
|
| Trading Arrangements, by Individual | ||||
| Material Terms of Trading Arrangement |
10b5-1 Trading Plans
On November 14, 2024, William A. Newlands, our President and Chief Executive Officer and a member of our Board of Directors, adopted a 10b5-1 Trading Plan that provides for the potential sale of (i) 100% of the Net Shares Received upon the vesting of 12,772 restricted stock units and up to 19,670 performance stock units in May 2025, and (ii) the exercise and sale of up to 75,608 stock options, in each case in amounts and subject to certain price limitations set forth in the plan. The 19,670 performance stock units reflect a payout at the maximum level for this award; however, any actual payout of shares may be less than this amount and will be based on the level of achievement of the performance criteria associated with the award. The 10b5-1 Trading Plan was adopted during an open insider trading window, and no sales will commence under the plan until completion of the required cooling off period. The 10b5-1 Trading Plan terminates on November 11, 2025, unless terminated sooner in accordance with its terms.
During the three months ended November 30, 2024, none of our other directors or officers (as defined in Exchange Act Rule 16a-1(f)) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.
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| Rule 10b5-1 Arrangement Adopted | true | false | ||
| Non-Rule 10b5-1 Arrangement Adopted | false | |||
| Adoption Date | November 14, 2024 | |||
| Rule 10b5-1 Arrangement Terminated | false | |||
| Non-Rule 10b5-1 Arrangement Terminated | false | |||
| Expiration Date | November 11, 2025 | |||
| WilliamA.Newlands [Member] | ||||
| Trading Arrangements, by Individual | ||||
| Name | William A. Newlands | |||
| Title | President and Chief Executive Officer and a member of our Board of Directors | |||
| Restricted Stock Units [Member] | WilliamA.Newlands [Member] | ||||
| Trading Arrangements, by Individual | ||||
| Aggregate Available | 12,772 | |||
| Performance share units [Member] | WilliamA.Newlands [Member] | ||||
| Trading Arrangements, by Individual | ||||
| Aggregate Available | 19,670 | |||
| Share-Based Payment Arrangement [Member] | WilliamA.Newlands [Member] | ||||
| Trading Arrangements, by Individual | ||||
| Aggregate Available | 75,608 |