February 13, 2025 · Form 4 insider transaction
Deoji Sandeep sold 63,844 shares of ASX:CRN at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 25 days after the transaction.
The Performance Stock Units ("PSUs") were acquired on February 14, 2024 or through subsequent dividend equivalent investments and all vested on February 13, 2025. Each PSU represented a right to receive one CHESS Depositary Interest ("CDI") or, at the election of the Compensation and Nominating Committee of the Issuer's Board of Directors (the "Compensation Committee"), an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof). CDIs are units of beneficial ownership in shares of common stock of the Issuer that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. The CDIs are convertible into shares of common stock of the Issuer on a 10-for-1 basis.; Reflects common stock underlying PSUs. Each PSU represents a right to receive one CDI or, at the election of the Compensation Committee, an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof).