Insider Trading Arrangements - shares |
3 Months Ended | |||||||||||||||||||
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Sep. 30, 2024 |
Jan. 21, 2016 |
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Trading Arrangements, by Individual | ||||||||||||||||||||
Material Terms of Trading Arrangement | During the quarter ending September 30, 2024, each of the following directors and Section 16 officers adopted a Rule 10b5-1 Trading Arrangement (as defined in Item 408(a) of Regulation S-K) to sell common shares:
(1) Each plan will expire on the date represented in the table or upon the earlier completion of all transactions contemplated by the arrangement. (2) This column indicates the total number of shares vesting in connection with equity awards, not the number of shares to be sold. The actual number of shares to be sold will be a smaller number based on whatever is required to satisfy payment of applicable withholding taxes under sell-to-cover arrangements. (3) Mr. Allison became CEO of the Company in early 2016 and, in connection with that appointment, received a grant of options with respect to 150,000 shares on January 21, 2016, of which 87,500 remain outstanding and unexercised. Those options have a ten-year term and are thus forfeited if not exercised by early 2026. Mr. Allison has established this plan in order to effectuate an orderly process for exercising and selling before the date of forfeiture. Each trading arrangement noted above is intended to satisfy the affirmative defense in Rule 10b5-1(c). No other director or Section 16 officer adopted or terminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements, as such terms are defined in Item 408(a) of Regulation S-K, during the quarter ending September 30, 2024. |
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R. Dirk Allison | ||||||||||||||||||||
Trading Arrangements, by Individual | ||||||||||||||||||||
Name | R. Dirk Allison | |||||||||||||||||||
Title | Chief Executive Officer and Chairman of the Board | |||||||||||||||||||
Rule 10b5-1 Arrangement Adopted | true | |||||||||||||||||||
Adoption Date | August 26, 2024 | |||||||||||||||||||
Expiration Date | August 26, 2025 | |||||||||||||||||||
Aggregate Available | 87,500 | |||||||||||||||||||
Other Director and Officer | ||||||||||||||||||||
Trading Arrangements, by Individual | ||||||||||||||||||||
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 | |||||||||||||||||||
Stock Option Grant [Member] | R. Dirk Allison | ||||||||||||||||||||
Trading Arrangements, by Individual | ||||||||||||||||||||
Arrangement Duration | 10 years | |||||||||||||||||||
Aggregate Available | 150,000 |