Form 4 for NMRK NEWMARK GROUP, INC.
Accepted 2023-10-03 00:00:00 ET · period of report 2023-10-02 · accession 0001437749-23-027535 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-10-03 | 2023-10-02 | NMRK | Rispoli Michael J. | CFO | F - Tax | $6.43 | -7,296 | 768.6K | -0.9% | -$46.9K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock, par value $0.01 per share | 2023-10-02 | F | D | 7,296 | $6.43 | 768,630 | D | — | — | (F1) On September 29, 2022, in connection with the execution of an employment agreement (the "2022 Employment Agreement"), the reporting person received a grant of restricted stock units ("RSUs") which each represent a contingent right to receive one share of Class A Common Stock, par value $0.01 per share ("Class A Common Stock") of Newmark Group, Inc. (the "Company" ) granted under the Company's Long Term Incentive Plan. The grant, which was previously reported, was approved by the Compensation Committee of the Board of Directors of the Company and is exempt pursuant to Rule 16b-3 under the Exchange Act, as amended (the "Exchange Act"). (F2) (This footnote is a continuation of the prior footnote.) On October 1, 2023, pursuant to the vesting schedule of the RSUs granted under the 2022 Employment Agreement, 14,290 RSUs became vested and issuable as Class A Common Stock to the reporting person. The reported transaction involved the surrender to the Company of 7,296 shares of Class A Common Stock withheld for taxes. The remaining 6,994 shares of Class A Common Stock were issued to the reporting person. (F5) Also consists of 32,920 shares of Class A Common Stock of the Company held directly. (F3) Consists of 485,710 shares of Class A Common Stock of the Company represented by RSUs granted in connection with the 2022 Employment Agreement, divided into tranches of 100,000 RSUs each that vest on a seven-year schedule. (F4) Also consists of 250,000 shares of Class A Common Stock of the Company represented by RSUs granted in connection with the 2022 Employment Agreement, divided in tranches of 50,000 RSUs each that vest on a seven-year schedule. |