Richard W. Heo - Mar 23, 2022 Form 4 Insider Report for GULF ISLAND FABRICATION INC (GIFI)

Role: President & CEO, Director
Signature: /s/ Richard W. Heo
Stock symbol: GIFI
Transactions as of: Mar 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/23/2022, 05:58 PM
Previous filing: May 28, 2021
Next filing: Apr 5, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GIFI	Common Stock	Award	$0	+50K	+8.93%	$0.00	610K	Mar 23, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GIFI	Restricted Stock Units (Cash Settled)	Award	$0	+50K		$0.00	50K	Mar 23, 2022	Common Stock	50K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the acquisition of time-vested restricted stock units upon the certification of the performance condition with respect to a performance award granted on May 26, 2021.
F2	The restricted stock units vest in three equal annual installments beginning May 26, 2022 provided the service condition is satisfied.
F3	Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock.