Douglas Kaye - Dec 9, 2024 Form 4 Insider Report for AMERICAN VANGUARD CORP (AVD)

Role
CHIEF EXECUTIVE OFFICER
Signature
/s/ Douglas Kaye
Stock symbol
AVD
Transactions as of
Dec 9, 2024
Transactions value $
$1,649,997
Form type
4
Date filed
1/21/2025, 06:46 PM
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVD Common Stock Award $337K +59K $5.72 59K Dec 9, 2024 Direct F1
transaction AVD Common Stock Award $675K +118K +200% $5.72 177K Dec 9, 2024 Direct F2
transaction AVD Common Stock Award $337K +59K +33.33% $5.72 236K Dec 9, 2024 Direct F3
transaction AVD Common Stock Award $300K +52.4K +22.22% $5.72 288K Dec 9, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These comprise an award of performance-based restricted stock that vests upon the attainment of both (i) continuous employment through his first, third and fifth anniversary of his employment, and (ii) the relative growth of the issuer's total shareholder return as compared with the Russell 2000 as follows: a) 50% of target (i.e., one-third of total award) if the TSR is >= the 25th percentile but < the 50th percentile, b) 100% of the target if the TSR is >= 50th percentile but < the 75th percentile and c) 200% of the target if the TSR is >= the 75th percentile.
F2 These comprise an award of performance-based restricted stock that vests at any time during the five year term in a two step process as follows: x) step one - one-sixth of the total number of shares awarded will vest on each of the dates upon which the fair market value of the issuer's common stock exceeds a) 2X, b) 3X and c) 4X the FMV on the date of the award (i.e., $5.72/share), in each case, for at least 20 consecutive days, and y) step two - one-sixth of the total number of shares awarded will vest twelve months after the occurrence of either clause a), b) or c) above, provided the reporting person remains employed by issuer on such date.
F3 These comprise an award of time-based restricted stock that vests on equal tranches on each of the first, second, third, fourth, and fifth anniversary of the award date and are subject to forfeiture in the event that reporting person is not continuously employed through each such vesting date for any reason.
F4 These comprise an award of time-based restricted stock that vests on equal tranches on each of the first, second, third, fourth, and fifth anniversary of the award date and are subject to forfeiture only if reporting person is not continuously employed through each such vesting date due to a termination for cause.