Matthew J. Reintjes - 16 Feb 2024 Form 4 Insider Report for YETI Holdings, Inc. (YETI)

Signature
By: /s/ Bryan C. Barksdale, as Attorney-in-Fact
Issuer symbol
YETI
Transactions as of
16 Feb 2024
Transactions value $
-$359,094
Form type
4
Filing time
21 Feb 2024, 17:40:56 UTC
Previous filing
14 Feb 2024
Next filing
28 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YETI Common Stock Award $0 +28.3K +18.68% $0.00 180K 16 Feb 2024 Direct F1
transaction YETI Common Stock Tax liability -$332K -8.5K -4.73% $39.12 171K 16 Feb 2024 Direct F2
transaction YETI Common Stock Award $0 +62.9K +36.73% $0.00 234K 16 Feb 2024 Direct F3
transaction YETI Common Stock Tax liability -$26.7K -691 -0.3% $38.57 233K 20 Feb 2024 Direct F2, F4
holding YETI Common Stock 110K 16 Feb 2024 By SLAT F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock underlying an award of restricted stock previously granted by the Issuer on February 12, 2021, the vesting of which was subject to the Issuer's achievement of previously established performance criteria over a multi-year measurement period. The Compensation Committee of the Issuer's Board of Directors has certified achievement of the performance criteria, and the number of shares of common stock reported herein consists of the shares underlying the award that were earned based upon such achievement.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.
F3 Represents restricted stock units. One-third of the restricted stock units will vest on February 16, 2025, and one-sixth of the restricted stock units will vest on each of the first four six-month anniversaries thereafter. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.
F4 Includes 5,666 shares of restricted stock and 116,365 shares underlying restricted stock units. Each share of restricted stock remains subject to forfeiture in accordance with the terms of the applicable award agreement and, upon settlement in accordance with the terms of the applicable award agreement, the restricted stock units will be paid on a one-for-one basis in shares of the Issuer's common stock.
F5 These shares are held in a Spousal Lifetime Access Trust ("SLAT") for the benefit of the reporting person's spouse and children. The reporting person's spouse serves as trustee of the SLAT. The reporting person disclaims beneficial ownership of the shares in the SLAT.