0001415889-23-004159.txt : 20230303
0001415889-23-004159.hdr.sgml : 20230303
20230303170630
ACCESSION NUMBER: 0001415889-23-004159
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230302
FILED AS OF DATE: 20230303
DATE AS OF CHANGE: 20230303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Seeton Eric F.
CENTRAL INDEX KEY: 0001652992
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35588
FILM NUMBER: 23705525
MAIL ADDRESS:
STREET 1: 103 HILL STREET
CITY: SHREWSBURY
STATE: MA
ZIP: 01545
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
form4-03032023_100310.xml
X0306
4
2023-03-02
0001528930
Franchise Group, Inc.
FRG FRGAP
0001652992
Seeton Eric F.
109 INNOVATION COURT, SUITE J
DELAWARE
OH
43015
false
true
false
false
CHIEF FINANCIAL OFFICER
Common Stock
2023-03-02
4
M
0
40322
0
A
86960
D
Common Stock
2023-03-02
4
F
0
20602
29.94
D
66358
D
Performance Restricted Stock Units
0
2023-03-02
4
M
0
20161
0
D
Common Stock
20161
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 200% 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 40,322 shares of common stock. Such PRSUs were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on March 9, 2020.
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 as the achievement of certain metrics tied to adjusted EBITDA and free cash flow over a three-year performance period commencing on January 1, 2020 and ending on December 31, 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 200% of the target number of units based on achievement of performance targets.
Reflects 20,602 shares withheld by Issuer at market price of $29.94 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/ Eric F. Seeton
2023-03-03