Christopher J. Progler - 31 Dec 2021 Form 4 Insider Report for PHOTRONICS INC (PLAB)

Role
EVP, Chief Technology Officer
Signature
/s/Richelle E. Burr, attorney-in-fact for Christopher J. Progler
Issuer symbol
PLAB
Transactions as of
31 Dec 2021
Net transactions value
-$285,482
Form type
4
Filing time
04 Jan 2022, 20:03:06 UTC
Previous filing
28 Dec 2021
Next filing
20 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLAB Common Stock Options Exercise $79,740 +9,000 +6.9% $8.86 138,818 31 Dec 2021 Direct
transaction PLAB Common Stock Sale $171,000 -9,000 -6.5% $19.00 129,818 31 Dec 2021 Direct F1, F2
transaction PLAB Common Stock Tax liability $59,340 -3,148 -2.4% $18.85 126,670 03 Jan 2022 Direct F3
transaction PLAB Common Stock Tax liability $66,400 -3,444 -2.7% $19.28 123,226 03 Jan 2022 Direct F4
transaction PLAB Common Stock Tax liability $68,482 -3,633 -2.9% $18.85 119,593 03 Jan 2022 Direct F5
transaction PLAB Common Stock Award $0 +40,000 +33% $0.000000 159,593 03 Jan 2022 Direct F6

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 PLAB Stock Options (Right to Buy) Options Exercise $0 -9,000 -48% $0.000000 9,688 31 Dec 2021 Common Stock 9,000 $8.86 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by Dr. Progler.
F2 Net proceeds of sale to fund children's education and offset a tax liability from Restricted Stock Vesting.
F3 Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 2, 2019.
F4 Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 3, 2020.
F5 Shares withheld to meet tax liabilities associated with Restricted Stock Awards granted on January 2, 2021.
F6 25% of the Restricted Stock Awards granted will vest on each anniversary date of the grant over 4 years.