Kaye Douglas bought AVD
December 9, 2024 · Form 4 insider transaction
Kaye Douglas bought 118,007 shares of American Vanguard Corporation at $5.72 per share, a transaction worth $675.0K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 43 days after the transaction.
Footnotes
These comprise an award of performance-based restricted stock that vests at any time during the five year term in a two step process as follows: x) step one - one-sixth of the total number of shares awarded will vest on each of the dates upon which the fair market value of the issuer's common stock exceeds a) 2X, b) 3X and c) 4X the FMV on the date of the award (i.e., $5.72/share), in each case, for at least 20 consecutive days, and y) step two - one-sixth of the total number of shares awarded will vest twelve months after the occurrence of either clause a), b) or c) above, provided the reporting person remains employed by issuer on such date.