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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (3) | 04/27/2024 | M | 25,926 | 04/27/2024 | 04/27/2024 | Common Stock | 25,926 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (3) | 04/27/2024 | M | 32,072 | (4) | (4) | Common Stock | 32,072 | $ 0 | 64,145 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Crowley Daniel J 555 E. LANCASTER AVENUE SUITE 400 RADNOR, PA 19087 |
X | Chairman, President and CEO | ||
| Jennnifer H. Allen, POA for Daniel J. Crowley | 05/06/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents shares withheld to cover a tax liability in connection with the vesting and settlement of the performance-based restricted stock units and restricted stock units, as applicable, described herein. |
| (2) | Represents Common Stock earned by the Reporting Person from a performance-based restricted stock unit award granted in Fiscal Year 2022 due to the achievement of certain performance goals, as determined by the Human Capital and Compensation Committee of the Issuer on May 2, 2024 |
| (3) | Each restricted stock unit represents the right to receive one share of the Registrant's common stock. |
| (4) | Forfeiture restrictions will lapse for 32,072 restricted stock units on April 27, 2025 and 32,073 restricted stock units on April 27, 2026. Earlier potential lapse of forfeiture events set forth in the Company's severance plans apply to this award. |
| Remarks: This Form 4/A amends and restates the original Form 4 filed by the reporting person on April 30, 2024 ("Original Form 4"). The Original Form 4 incorrectly reported the acquisition of shares related to a performance award on April 25, 2024. However, the final determination and certification of performance occurred on May 2, 2024. This amendment is deemed to withdraw the transactions that were reported in the Original Form 4 to have occurred on April 25, 2024 and report the acquisition of performance-based shares and related tax withholdings on May 2, 2024 and update the ownership amounts accordingly. |
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