Testa Michael sold TRIN
March 15, 2024 · Form 4 insider transaction
Testa Michael sold 2,109 shares of Trinity Capital Inc. at $14.80 per share, a transaction worth $31.2K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Shares withheld to satisfy the reporting person's tax obligations in connection with vesting of restricted shares on March 15, 2024. Transaction exempt from Section 16(b) pursuant to Rule 16b-3.; Includes (1) 40,541 shares issued under the 2019 Trinity Capital Inc. Long Term Incentive Plan (the "LTIP") on March 15, 2024, which shares vest 25% on March 15, 2025, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2025; (2) 17,588 shares issued under the LTIP on March 15, 2023, which shares vested 25% on March 15, 2024, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters immediately following March 15, 2024; (3) 5,780 shares issued under the LTIP on March 15, 2022, which shares vested 25% on March 15, 2023, with the remaining 75% of such shares vesting pro rata over the twelve full calendar quarters following March 15, 2023; and (4) 4,550 shares issued under the LTIP on September 15, 2021, which shares began vesting quarterly pro rata over the twelve full calendar quarters immediately following September 15, 2021.