VEREIT (VER) executive Bartolotta gave up 3,785 shares at $35.70 to cover taxes or an exercise price

Insider transactions reported

Michael J. Bartolotta (executive at VEREIT Inc., VER) reported that they gave up 3,785 shares at $35.70 to cover taxes or an exercise price, and returned to the company 4,041 shares on Jan 19, 2021. After these transactions the filing shows 103,793 shares held directly.

Reporting person

Bartolotta Michael J.

Holdings before and after

• Common Stock: 111,619 to 103,793 direct

Footnotes from the filing

1. 1. Represents performance-based restricted stock units awarded to the Reporting Person on February 21, 2018 pursuant to the Issuer's Equity Plan. On January 19, 2021, the Issuer determined that the vesting criteria related to these performance-based restricted stock units had not been satisfied.
2. 2. Shares are reflected on a post-split basis in accordance with the one-for-five reverse stock split of VEREIT, Inc.'s issued and outstanding shares of common stock completed on December 17, 2020.
3. 3. Reflects the product of the applicable withholding rate and the 12,279 performance-based restricted stock units that vested pursuant to the terms of the Reporting Person's performance-based restricted stock unit award agreement.
4. 4. Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on January 19, 2021.

Transaction codes in this filing

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

FAQ