Franchise Group (FRG) director Fairfax bought 45 shares for $1,423 at $31.63
Insider transactions reported
Lisa M Fairfax (director at Franchise Group Inc., FRG) reported that they bought 45 shares for $1,423 at $31.63, and acquired 2,063 shares between Feb 23, 2023 and Feb 24, 2023. After these transactions the filing shows 8,979 shares held directly.
- Reporting person
- Fairfax Lisa M
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 23, 2023 | Open-market purchase (P) | Common Stock1 | +45 | $31.63 | $1,423 | 6,916 direct |
| Feb 23, 2023 | Exercise or conversion of a derivative (M) | Common Stock2, 3 | +2,063 | - | - | 8,979 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 23, 2023 | Exercise or conversion of a derivative (M) | Restricted Stock UnitsOn 2,063 Common Stock3, 4 | -2,063 | - | - | 0 direct |
| Feb 24, 2023 | Grant or award (A) | Restricted Stock UnitsOn 3,260 Common Stock3, 5 | +3,260 | - | - | 3,260 direct |
Holdings before and after
- Common Stock: 6,871 to 8,979 direct
- Restricted Stock Units: 2,063 to 3,260 direct
Footnotes from the filing
- 1. Shares acquired under a broker automatic dividend reinvestment plan.
- 2. Represents the conversion upon vesting of restricted stock units into Common Stock. On February 23, 2022, the reporting person was granted 2063 restricted stock units, of which all of the shares subject to the restricted stock units vested on February 23, 2023. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on February 24, 2022.
- 3. Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
- 4. The restricted stock unit award was granted on February 23, 2022 and vested in full on February 23, 2023.
- 5. The restricted stock unit award was granted on February 24, 2023 and vests in full on February 24, 2024.
Transaction codes in this filing
- Open-market purchase:
- Code P marks a purchase in the open market or a private deal. The insider paid for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Fairfax report in this FRG Form 4?
Lisa M Fairfax (director at Franchise Group Inc., FRG) reported that they bought 45 shares for $1,423 at $31.63, and acquired 2,063 shares between Feb 23, 2023 and Feb 24, 2023. After these transactions the filing shows 8,979 shares held directly.
How many FRG shares does Fairfax hold after this filing?
The filing shows 8,979 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code P mean on an SEC Form 4?
Code P marks a purchase in the open market or a private deal. The insider paid for these securities.
Historical context for FRG
Earlier insider filings at FRG
- Feb 27, 2023SEC Form 4: Dubin Cynthia S bought $1,423 worth of shares (45 units at $31.63) and converted options into 2,063 shares, increasing direct ownership by 93% to 4,363 units
- Feb 27, 2023SEC Form 4: Herskovits Thomas bought $2,689 worth of shares (85 units at $31.63) and converted options into 2,063 shares, increasing direct ownership by 8% to 30,633 units
- Feb 27, 2023SEC Form 4: Avril Matthew E bought $4,365 worth of shares (138 units at $31.63) and converted options into 4,421 shares, increasing direct ownership by 4% to 128,041 units
- Jan 26, 2023SEC Form 4 filed by Wright Lee A.
- Dec 28, 2022SEC Form 4: Fairfax Lisa M was granted 994 shares, increasing direct ownership by 17% to 6,871 units
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