Ashish Agrawal - 08 Feb 2023 Form 4 Insider Report for CTS CORP (CTS)

Role
CFO
Signature
/s/ Scott L. D'Angelo, as Attorney-in-Fact
Issuer symbol
CTS
Transactions as of
08 Feb 2023
Net transactions value
-$385,878
Form type
4
Filing time
10 Feb 2023, 15:39:32 UTC
Previous filing
08 Feb 2023
Next filing
13 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTS Common Stock Award $0 +19,890 +18% $0.000000 130,760 08 Feb 2023 Direct F1
transaction CTS Common Stock Tax liability $385,878 -8,810 -6.7% $43.80 121,950 08 Feb 2023 Direct
transaction CTS Common Stock Award $0 +5,598 +4.6% $0.000000 127,548 09 Feb 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of 2020-2022 performance-based restricted stock units. This award was previously reported in February 2020 upon grant at target (10,557), so the Reporting Person's beneficial ownership is being increased by 9,333 shares to account for actual performance.
F2 Time-based restricted stock units vesting 1/3 annually.