Bracken Darrell - 15 May 2023 Form 4 Insider Report for LOGITECH INTERNATIONAL S.A. (LOGI)

Role
President & CEO, Director
Signature
/s/ Justine Lloyd as attorney in fact for Bracken Darrell
Issuer symbol
LOGI
Transactions as of
15 May 2023
Net transactions value
-$7,063,215
Form type
4
Filing time
17 May 2023, 20:03:23 UTC
Previous filing
18 Apr 2023
Next filing
25 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOGI Registered Shares Award $0 +223,644 +25% $0.000000 1,130,897 15 May 2023 Direct F1
transaction LOGI Registered Shares Tax liability $7,063,215 -110,622 -9.8% $63.85 1,020,275 15 May 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired pursuant to the vesting of performance share units (PSUs). The number of PSUs that vested was determined based on Logitech's weighted average revenue growth, total shareholder return (TSR) relative to the other companies in the Russell 3000 index and non-GAAP operating income, each over a three-year period from April 1, 2020 through March 31, 2023.
F2 In an exempt disposition to the Issuer under rule 16b-3(e), the recipient remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to PSUs.