May 10, 2024 · Form 4 insider transaction
Topping Richard sold 10,965 shares of PYYX at $0.00 per share, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 4 days after the transaction.
Each restricted stock unit represents a contingent right to receive one share of Pyxus International, Inc. common stock.; Reports the amendment to outstanding restricted stock units to extend the period by which the condition to vesting must be satisfied, revise the contingent events triggering vesting and provide for vesting upon the occurrence of certain events qualifying as a Change in Control, which amendments are deemed to effect a disposition of the outstanding restricted stock units and the re-grant of restricted stock units of the same amount having the amended terms. Such amendments were approved by the Compensation Committee of the Board of Directors of Pyxus International, Inc.; The restricted stock units were awarded on November 16, 2023 and are to be earned for vesting based on continued service as a director through the earlier of August 23, 2024 or the commencement of the Pyxus International, Inc. annual shareholders meeting to be held in 2024, with a prorated amount being earned for vesting if service ceases before such date, and with vesting being subject to satisfaction of the Listing Condition.