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Insider Trading Arrangements
3 Months Ended 12 Months Ended
Dec. 31, 2024
shares
Dec. 31, 2024
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
The following table describes contracts, instructions, or written plans for the purchase or sale of the Company’s common stock intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (each, a “Rule 10b5-1 Plan”) entered into or terminated during the quarter ended December 31, 2024 by our directors and officers (as defined under Rule 16b-1(f) of the Exchange Act). There were no non-Rule 10b5-1 trading arrangements entered into or terminated by our directors and officers during the quarter ended December 31, 2024.
Name and Title of Director or OfficerDate of Adoption of Agreement
Expiration Date of Agreement1
Aggregate Number of Securities to be Purchased or Sold
Donna M. Long
SVP, Chief Information Officer
November 19, 2024December 31, 2025
13,2202
Jeffrey L. Darby
SVP, Sales and Marketing
December 5, 2024June 30, 2025
11,6463
Steven L. Berman4
Non-Executive Chairman of the Board
December 13, 2024March 16, 2026
540,000
1 Each Rule 10b5-1 Plan expires upon the date shown or, if earlier, upon completion of all authorized transactions under such plan.
2 Plan includes (i) the sale of up to 10,263 shares of the Company’s common stock , (ii) the sale of up to 2,150 shares of the Company’s common stock upon the vesting of time-based restricted stock units (“RSUs”) and (iii) the acquisition of up to 807 shares of common stock upon the exercise of up to 807 vested stock options . The actual number of shares sold may be less based on tax withholdings.
3 Plan includes (i) the sale of up to 4,540 shares of the Company’s common stock upon the vesting of time-based RSUs, (ii) the sale of up 1,369 shares of the Company’s common stock upon the vesting of performance-based restricted stock units (“PRSUs”),and (iii) the potential exercise of vested stock options and the associated sale of up to 5,737 shares of the Company’s common stock. The number of shares included assumes that the PRSU vests at 100% of the target award amount. The actual number of PRSUs that may vest can vary between 0% - 200% of the target award of PRSUs, subject to the achievement of certain performance conditions as set forth in the PRSU award agreement, less shares to be withheld for tax withholding obligations. The actual number of shares sold may vary based on tax withholdings and performance and vesting conditions of the awards.
4 Plan covers shares of the Company’s common stock owned (i) by certain family trusts for which Mr. Berman serves as co-trustee, and (ii) by certain family trusts for the benefit of Mr. Berman’s children. Plan does not include shares owned directly by Mr. Berman.
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Donna M. Long [Member]    
Trading Arrangements, by Individual    
Name Donna M. Long  
Title SVP, Chief Information Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 19, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 407 days  
Aggregate Available 13,220 13,220
Steven L. Berman [Member]    
Trading Arrangements, by Individual    
Name Steven L. Berman  
Title Non-Executive Chairman of the Board  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 13, 2024  
Expiration Date March 16, 2026  
Arrangement Duration 458 days  
Aggregate Available 540,000 540,000
Jeffrey L. Darby [Member]    
Trading Arrangements, by Individual    
Name Jeffrey L. Darby  
Title SVP, Sales and Marketing  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 5, 2024  
Expiration Date June 30, 2025  
Arrangement Duration 207 days  
Aggregate Available 11,646 11,646