0001747079-20-000006.txt : 20200103
0001747079-20-000006.hdr.sgml : 20200103
20200103160944
ACCESSION NUMBER: 0001747079-20-000006
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191231
FILED AS OF DATE: 20200103
DATE AS OF CHANGE: 20200103
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Papanier George T.
CENTRAL INDEX KEY: 0001767780
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38850
FILM NUMBER: 20505351
MAIL ADDRESS:
STREET 1: 100 TWIN RIVER ROAD
CITY: LINCOLN
STATE: RI
ZIP: 02865
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Twin River Worldwide Holdings, Inc.
CENTRAL INDEX KEY: 0001747079
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 200904604
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 100 TWIN RIVER ROAD
CITY: LINCOLN
STATE: RI
ZIP: 02865
BUSINESS PHONE: (401) 475-8474
MAIL ADDRESS:
STREET 1: 100 TWIN RIVER ROAD
CITY: LINCOLN
STATE: RI
ZIP: 02865
4
1
wf-form4_157808576673975.xml
FORM 4
X0306
4
2019-12-31
0
0001747079
Twin River Worldwide Holdings, Inc.
TRWH
0001767780
Papanier George T.
C/O TWIN RIVER WORLDWIDE HOLDINGS, INC.
100 TWIN RIVER ROAD
LINCOLN
RI
02865
1
1
0
0
President and CEO
Common Stock
2019-12-31
4
M
0
20392
0
A
277896
D
Common Stock
2019-12-31
4
F
0
9246
25.65
D
268650
D
Common Stock
2020-01-01
4
M
0
5836
0
A
274486
D
Common Stock
2020-01-01
4
M
0
15464
0
A
289950
D
Common Stock
2020-01-01
4
F
0
9958
25.65
D
279992
D
Common Stock
2020-01-02
4
A
0
10836
0
A
290828
D
Common Stock
2020-01-02
4
F
0
4914
25.28
D
285914
D
Restricted Stock Unit
2019-12-31
4
M
0
20392
0
D
Common Stock
20392.0
20392
D
Restricted Stock Unit
2020-01-01
4
M
0
5836
0
D
Common Stock
5836.0
0
D
Restricted Stock Unit
2020-01-01
4
M
0
15464
0
D
Common Stock
15464.0
0
D
Restricted Stock Unit
2020-01-02
4
A
0
61117
0
A
Common Stock
61117.0
61117
D
Restricted stock units were settled in shares of common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
On December 31, 2019, 20,392 restricted stock units vested. Twin River Worldwide Holdings, Inc. (the "Company") retained 9,246 shares of Company common stock on that date to satisfy certain tax withholding obligations in connection with the vesting.
On January 1, 2020, 21,300 restricted stock units vested. The Company retained 9,958 shares of Company common stock on that date to satisfy certain tax withholding obligations in connection with the vesting.
On March 24, 2017, the reporting person was granted 10,836 performance units eligible to vest at target levels of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain financial and other strategic goals were met for the year ended December 31, 2019. Based on the performance of the Company against the applicable strategic goals, 10,836 performance units subject to such criteria vested on January 2, 2020, resulting in the issuance of 10,836 shares of the Company's common stock to the reporting person.
Performance stock units were settled in shares of common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
As described in footnote 4, on January 2, 2020, the reporting person became entitled to receive 10,836 shares of the Company's common stock. The Company retained 4,914 shares of Company common stock to satisfy certain tax withholding obligations in connection with the vesting.
Each restricted stock unit represents the right to receive one share of the Company's common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
On April 2, 2019, the reporting person was granted 40,784 restricted stock units vesting in two equal installments on December 31, 2019 and 2020, respectively.
On March 24, 2017, the reporting person was granted 17,500 restricted stock units vesting in three equal installments on January 1, 2018, 2019, and 2020, respectively.
On March 24, 2017 the reporting person was granted performance share units. 15,464 performance share units were earned and converted to an equal amount of restricted stock units based on the achievement of financial performance targets of the year ended December 31, 2017. These restricted stock units vested on January 1, 2020.
On January 2, 2020, the reporting person was granted 61,117 restricted stock units vesting in three equal installments on January 15, 2020, January 2, 2021, and January 2, 2022, respectively.
/s/ Joseph McGrail, Attorney- In Fact
2020-01-03