XML 39 R28.htm IDEA: XBRL DOCUMENT v3.23.3
Insider Trading Arrangements
3 Months Ended
Aug. 27, 2023
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
During the three months ended August 27, 2023, none of our directors or officers (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Item 408 of Regulation S-K, except as described in the table below:
Name and Title
Action
Applicable Date
Duration of Trading Arrangements
Rule 10b5-1 Trading Arrangement?
 (Y/N)*
Aggregate Number of Securities Subject to Trading Arrangement
Elizabeth O’Neill
Chief Operations Officer
Terminate(1)
July 21, 2023
February 10, 2023 - February 1, 2024
Y
See footnote(2)
Elizabeth O’Neill
Chief Operations Officer
Adopt(1)
July 21, 2023
July 21, 2023 - February 1, 2024
Y
See footnote(2)
_____________
* Denotes whether the trading plan is intended, when adopted, to satisfy the affirmative defense of Rule 10b5-1(c).
(1)Represents the modification, as described in Rule 10b5-1(c)(1)(iv) under the Exchange Act, of a written trading arrangement adopted on February 10, 2023 that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
(2)Trading arrangement provides for the sale of 38,975 shares of Class A common stock owned by Ms. O’Neill and shares of Class A common stock that will be received by Ms. O’Neill in connection with the exercise of 130,233 stock appreciation rights (“SARs"). The actual number of shares of our Class A common stock that will be received by Ms. O’Neill in connection with the exercise of the SARs and sold pursuant to the trading arrangement is not yet determinable as (1) it will be based on the difference between the share price of our Class A common stock and the SAR exercise price on the date of exercise and (2) it will be further reduced by shares withheld by the Company to cover the cost of taxes due upon exercise. The trading arrangement is in accordance with our securities trading policy. Actual sale transactions will be disclosed publicly in filings with the SEC in accordance with applicable securities laws, rules and regulations.
Non-Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Terminated false
Elizabeth O'Neill July 2023 Plan, One [Member] | Elizabeth O'Neill [Member]  
Trading Arrangements, by Individual  
Name Elizabeth O’Neill
Title Chief Operations Officer
Adoption Date February 10, 2023
Rule 10b5-1 Arrangement Terminated true
Termination Date July 21, 2023
Arrangement Duration 356 days
Aggregate Available 38,975
Elizabeth O'Neill July 2023 Plan, Two [Member] | Elizabeth O'Neill [Member]  
Trading Arrangements, by Individual  
Name Elizabeth O’Neill
Title Chief Operations Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date July 21, 2023
Arrangement Duration 195 days
Aggregate Available 38,975
Elizabeth O'Neill July 2023 Plan, Two, Stock Appreciation Rights [Member] | Elizabeth O'Neill [Member]  
Trading Arrangements, by Individual  
Aggregate Available 130,233
Elizabeth O'Neill July 2023 Plan, One, Stock Appreciation Rights [Member] | Elizabeth O'Neill [Member]  
Trading Arrangements, by Individual  
Aggregate Available 130,233