Hoffert Heather bought TWOU
February 22, 2024 · Form 4 insider transaction
Hoffert Heather bought 1,340 shares of 2U, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
The security represents shares granted to the reporting person in connection with the certification of performance metrics of performance-based restricted stock units previously granted to the reporting person.; The reporting person was granted performance-based restricted stock units on March 10, 2022, which vest in the form of common stock based on metrics previously set by the Compensation Committee of issuer's Board as measured over three one-year performance periods (the "2022 Award") commencing on January 1 of 2022, 2023 and 2024. On February 22, 2024, the Compensation Committee determined the achievement percentage attained for the second performance period of the 2022 Award, which resulted in the acquisition of these shares.