0001415889-22-011241.txt : 20221109 0001415889-22-011241.hdr.sgml : 20221109 20221109163045 ACCESSION NUMBER: 0001415889-22-011241 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221107 FILED AS OF DATE: 20221109 DATE AS OF CHANGE: 20221109 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Laurence Andrew M CENTRAL INDEX KEY: 0001511698 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35588 FILM NUMBER: 221373156 MAIL ADDRESS: STREET 1: C/O API TECHNOLOGIES CORP. STREET 2: ONE NORTH WACKER DRIVE SUITE 4400 CITY: CHICAGO STATE: IL ZIP: 60606 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Franchise Group, Inc. CENTRAL INDEX KEY: 0001528930 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 273561876 STATE OF INCORPORATION: DE FISCAL YEAR END: 1225 BUSINESS ADDRESS: STREET 1: 109 INNOVATION COURT STREET 2: SUITE J CITY: DELAWARE STATE: OH ZIP: 43015 BUSINESS PHONE: 508-630-4426 MAIL ADDRESS: STREET 1: 109 INNOVATION COURT STREET 2: SUITE J CITY: DELAWARE STATE: OH ZIP: 43015 FORMER COMPANY: FORMER CONFORMED NAME: Liberty Tax, Inc. DATE OF NAME CHANGE: 20140714 FORMER COMPANY: FORMER CONFORMED NAME: JTH Holding, Inc. DATE OF NAME CHANGE: 20110830 4 1 form4-11092022_041129.xml X0306 4 2022-11-07 0001528930 Franchise Group, Inc. FRG FRGAP 0001511698 Laurence Andrew M 109 INNOVATION COURT, SUITE J DELAWARE OH 43015 true true false false EXECUTIVE VICE PRESIDENT Common Stock 2022-11-07 4 M 0 165000 0 A 616258 D Common Stock 2022-11-07 4 F 0 73178 24.02 D 543080 D Common Stock 2022-11-07 4 A 0 15 0 A 543095 D Performance Restricted Stock Units 0 2022-11-07 4 M 0 110000 0 D Common Stock 110000 0 D Represents the conversion upon vesting of performance restricted stock units ("PRSU") into common stock upon the achievement of pre-established performance metrics at 150% of the target number of units, as approved and certified by the Company's Compensation Committee. Upon conversion of the PRSUs, the Reporting Person received 165,000 shares of common stock. Such PRSUs were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on December 9, 2019. Each PRSU represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock. The resulting number of shares of common stock acquired upon vesting of the PRSU is measured as the absolute total share return of the price of Issuer's common stock over a three-year performance period commencing on September 30, 2019 and ending on September 30, 2022. The target number of units subject to the award is presented in Table II. The number of units that were subject to vesting ranged from 0% to 150% of the target number of units based on achievement of performance targets. Reflects 73,178 shares withheld by Issuer at market price of $24.02 per share to fund the payment of taxes for the conversion. Issuer issued 15 shares to Reporting Person due to an over withholding of shares to fund the payment of taxes for the conversion previously reported in Table I on the Form 4 filed with the Securities and Exchange Commission on August 16, 2022. Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the Issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date"). /s/ Andrew M. Laurence 2022-11-09