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Insider Trading Arrangements
3 Months Ended
Sep. 30, 2023
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

Item 5.Other Information

During the three months ended September 30, 2023, the following officers of the Company adopted “Rule 10b5-1 trading arrangements” as defined in Item 408 of Regulation S-K, as described in the table below:

Type of

Expiration

Total Shares

Name and Title

Trading Agreement

Date Adopted

Date

Duration1

To be Sold2

Paul T. Demzik, Senior Vice President and Chief Commercial Officer

 

Rule 10b5-1 Trading Arrangement

9/11/2023

 

1/31/2025

509 days

Up to 38,675

Matthew C. Giljum, Senior Vice President and Chief Financial Officer

 

Rule 10b5-1 Trading Arrangement

9/7/2023

 

10/17/2024

407 days

Up to 3,097

John W. Lorson, Vice President and Chief Accounting Officer

 

Rule 10b5-1 Trading Arrangement

9/11/2023

 

1/31/2025

509 days

Up to 1,355

Deck S. Slone, Senior Vice President, Strategy and Public Policy

 

Rule 10b5-1 Trading Arrangement

9/7/2023

 

10/17/2024

407 days

 

Up to 6,024

John A. Ziegler, Senior Vice President and Chief Administrative Officer

Rule 10b5-1 Trading Arrangement

9/7/2023

2/28/2024

174 days

Up to 4,041

1.Each Rule 10b5-1 trading arrangement permits transactions through and including the earlier to occur of (a) the completion of all sales or (b) the expiration date listed in the table. 

2.Represents the maximum number of shares that could potentially be sold pursuant to the Rule 10b5-1 trading arrangement, including sales made in connection with the vesting of future equity awards. Accordingly, in calculating this amount, we have not considered any potential reductions in shares available to be sold due to tax withholdings at the time such equity awards vest, and, for performance-based awards, we have assumed such awards will vest at maximum value.

Other than as discussed above, during the three months ended September 30, 2023, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.

Upon the recommendation of the Personnel and Compensation Committee of our Board of Directors, on October 25, 2023, the Board of Directors approved an amendment and restatement of the October 25, 2021 letter agreement with John W. Eaves to extend Mr. Eaves service as our Executive Chair of the Board until the date of the Company’s next annual meeting or such earlier time as determined by the Company or Mr. Eaves.

Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Paul T Demzik  
Trading Arrangements, by Individual  
Name Paul T. Demzik
Title Senior Vice President and Chief Commercial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/11/2023
Arrangement Duration 509 days
Aggregate Available 38,675
Expiration Date 1/31/2025
Matthew C Giljum  
Trading Arrangements, by Individual  
Name Matthew C. Giljum
Title Senior Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/7/2023
Arrangement Duration 407 days
Aggregate Available 3,097
Expiration Date 10/17/2024
John W Lorson  
Trading Arrangements, by Individual  
Name John W. Lorson
Title Vice President and Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/11/2023
Arrangement Duration 509 days
Aggregate Available 1,355
Expiration Date 1/31/2025
Deck S Slone  
Trading Arrangements, by Individual  
Name Deck S. Slone
Title Senior Vice President, Strategy and Public Policy
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/7/2023
Arrangement Duration 407 days
Aggregate Available 6,024
Expiration Date 10/17/2024
John A Ziegler  
Trading Arrangements, by Individual  
Name John A. Ziegler
Title Senior Vice President and Chief Administrative Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/7/2023
Arrangement Duration 174 days
Aggregate Available 4,041
Expiration Date 2/28/2024