0001415889-22-011240.txt : 20221109
0001415889-22-011240.hdr.sgml : 20221109
20221109163033
ACCESSION NUMBER: 0001415889-22-011240
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: KAMINSKY ANDREW F
CENTRAL INDEX KEY: 0001535076
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35588
FILM NUMBER: 221373142
MAIL ADDRESS:
STREET 1: C/O AEROFLEX HOLDING CORP
STREET 2: 35 SOUTH SERVICE ROAD
CITY: PLAINVIEW
STATE: NY
ZIP: 11803
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_041119.xml
X0306
4
2022-11-07
0001528930
Franchise Group, Inc.
FRG FRGAP
0001535076
KAMINSKY ANDREW F
109 INNOVATION COURT, SUITE J
DELAWARE
OH
43015
false
true
false
false
CHIEF ADMINISTRATIVE OFFICER
Common Stock
2022-11-07
4
M
0
105000
0
A
172359
D
Common Stock
2022-11-07
4
F
0
41318
24.02
D
131041
D
Performance Restricted Stock Units
0
2022-11-07
4
M
0
70000
0
D
Common Stock
70000
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 105,000 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 41,318 shares withheld by Issuer at market price of $24.02 per share to fund the payment of taxes for the conversion
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 F. Kaminsky
2022-11-09