0001415889-23-003492.txt : 20230228
0001415889-23-003492.hdr.sgml : 20230228
20230228170040
ACCESSION NUMBER: 0001415889-23-003492
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230224
FILED AS OF DATE: 20230228
DATE AS OF CHANGE: 20230228
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: 23686878
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: 1231
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
form4-02282023_050222.xml
X0306
4
2023-02-24
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
Restricted Stock Units
2023-02-24
4
A
0
18629
0
A
Common Stock
18629
18629
D
Performance Restricted Stock Units
2023-02-24
4
A
0
18629
0
A
Common Stock
18629
18629
D
Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
The restricted stock units shall become fully vested on February 24, 2026, provided that the reporting person is in the employ of the Issuer at the time of such vesting
Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock ("Common Stock"). The
maximum number of PRSUs is presented in the table. The resulting number of shares acquired upon vesting of the PRSU is measured based upon the achievement of certain
performance metrics tied to adjusted EBITDA and free cash flow, as determined by the Compensation Committee at the time of grant, over a three-year performance period commencing on January 1, 2023 and ending on January 3, 2026 (the "Performance Period"). Vesting of the target level PRSUs will accelerate upon death, disability or qualified retirement in an
amount equal to the proportion of days in the Performance Period worked. Vesting of the target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the Performance Period.
/s/ Andrew M. Laurence
2023-02-28