0001179110-21-003117.txt : 20210309
0001179110-21-003117.hdr.sgml : 20210309
20210309161318
ACCESSION NUMBER: 0001179110-21-003117
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210305
FILED AS OF DATE: 20210309
DATE AS OF CHANGE: 20210309
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Seeton Eric F.
CENTRAL INDEX KEY: 0001652992
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35588
FILM NUMBER: 21725912
MAIL ADDRESS:
STREET 1: 103 HILL STREET
CITY: SHREWSBURY
STATE: MA
ZIP: 01545
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Franchise Group, Inc.
CENTRAL INDEX KEY: 0001528930
STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794]
IRS NUMBER: 273561876
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1228
BUSINESS ADDRESS:
STREET 1: 1716 CORPORATE LANDING PARKWAY
CITY: VIRGINIA BEACH
STATE: VA
ZIP: 23454
BUSINESS PHONE: 757-493-8855
MAIL ADDRESS:
STREET 1: 1716 CORPORATE LANDING PARKWAY
CITY: VIRGINIA BEACH
STATE: VA
ZIP: 23454
FORMER COMPANY:
FORMER CONFORMED NAME: Liberty Tax, Inc.
DATE OF NAME CHANGE: 20140714
FORMER COMPANY:
FORMER CONFORMED NAME: JTH Holding, Inc.
DATE OF NAME CHANGE: 20110830
4
1
edgar.xml
FORM 4 -
X0306
4
2021-03-05
0
0001528930
Franchise Group, Inc.
FRG
0001652992
Seeton Eric F.
1716 CORPORATE LANDING PARKWAY
VIRGINIA BEACH
VA
23454
0
1
0
0
Chief Financial Officer
Common Stock
2021-03-05
4
M
0
6721
A
22943
D
Common Stock
2021-03-05
4
F
0
2087
34.43
D
20856
D
Restricted Stock Units
2021-03-05
4
M
0
6721
0
D
Common Stock
6721
0
D
Performance Restricted Stock Units
2021-03-05
4
A
0
14140
0
A
Common Stock
14140
14140
D
Restricted Stock Units
2021-03-05
4
A
0
14140
0
A
Common Stock
14140
14140
D
Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
The restricted stock unit award was granted on March 5, 2020 and vested in full on March 5, 2021.
Represents the conversion upon vesting of restricted stock units into Common Stock. On March 5, 2020, the reporting person was granted 6721 restricted stock units, of which all of the shares subject to the restricted stock units vested on March 5, 2021. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on March 9, 2020.
Reflects 2087 shares withheld by Issuer at market price of $34.43 per share to fund the payment of taxes for the conversion.
Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock ("Common Stock"). The maximum number of PRSUs is presented in the table. The resulting number of shares acquired upon vesting of the PRSU is measured based upon the achievement of certain performance metrics tied to adjusted EBITDA and free cash flow, as determined by the Compensation Committee at the time of grant, over a three-year performance period commencing on January 1, 2021 and ending on December 31, 2023 (the "Performance Period"). Vesting of the target level PRSUs will accelerate upon death or disability in an amount equal to the proportion of days in the Performance Period worked. Vesting of the target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the Performance Period.
The restricted stock units shall become fully vested on March 5, 2024, provided that the reporting person is in the employ of the Issuer at the time of such vesting.
Eric F. Seeton
2021-03-09