0000899243-21-025368.txt : 20210622
0000899243-21-025368.hdr.sgml : 20210622
20210622185148
ACCESSION NUMBER: 0000899243-21-025368
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210309
FILED AS OF DATE: 20210622
DATE AS OF CHANGE: 20210622
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hendrix Scott
CENTRAL INDEX KEY: 0001662804
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13795
FILM NUMBER: 211036703
MAIL ADDRESS:
STREET 1: 4695 MACARTHUR COURT
STREET 2: SUITE 1200
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92660
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AMERICAN VANGUARD CORP
CENTRAL INDEX KEY: 0000005981
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870]
IRS NUMBER: 952588080
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4695 MACARTHUR COURT
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92660
BUSINESS PHONE: 949-260-1200
MAIL ADDRESS:
STREET 1: 4695 MACARTHUR COURT
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92660
FORMER COMPANY:
FORMER CONFORMED NAME: AEROCON INC
DATE OF NAME CHANGE: 19720620
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-09
0
0000005981
AMERICAN VANGUARD CORP
AVD
0001662804
Hendrix Scott
4695 MACARTHUR COURT, SUITE 1200
NEWPORT BEACH
CA
92660
0
1
0
0
SVP Crop Sales, US & Canada
Common Stock
2021-03-09
4
J
0
1889
0.00
A
55478
D
Common Stock
2021-03-09
4
F
0
1913
20.78
D
53565
D
These constitute the number of shares in excess of the target amount (originally 2,757) of performance-based restricted stock that was awarded on March 9, 2018, vested over the three-year period commencing on that date and related to performance period from January 1, 2018 through December 31, 2020. Under the terms of that certain Performance-Based Restricted Stock Award Units Agreement dated as of March 9, 2018, the target amount was subject to adjustment weighted as follows: i) fifty-percent based upon the company's earnings before income tax performance, ii) thirty-percent based upon the company's net sales performance, in both cases as compared to median performance of an industry comparator group during the performance period, and iii) twenty-percent based upon total shareholder return (split evenly between the Russell 2000 and an industry comparator group).
(Continued from footnote 1) Specifically, the EBIT and net sales performance were both at 200% of the comparator median (yielding two times the target), while TSR performance was below that of the comparator indexes. All told, 168% of the targeted award vested. Complete financial information from comparator companies required for making these calculations was not publicly available until late May 2021.
These shares were forfeited at the election of reporting person to cover payroll taxes arising from the vesting of additional performance-based shares as per note 1 above.
/s/ SCOTT HENDRIX
2021-06-22