Form 4
Jelinek W Craig
Director · Officer (CEO)
- Filed
- 10/25/22
- Trade dates
- 10/22/22
- Period of report
- 10/22/22
- 10b5-1 box
- Not on this form version
- Accession number
- 0001209191-22-054575
Amended by the Form 4/A filed 11/7/22. Lines marked Restated were replaced and are left out of the totals.
Table I: shares of stock
| Line | Security | Trade date | Shares | Price | Value | Owned after | Ownership | Notes |
|---|---|---|---|---|---|---|---|---|
| GrantedLine 1 · code ARestated by the amendment of 11/7/22; left out of totals. | Common Stock | 10/22/22 | 3,933Acquired | — | — No price on filing | 186,659 | Direct | F1, F2, F3 |
| GrantedLine 2 · code ARestated by the amendment of 11/7/22; left out of totals. | Common Stock | 10/22/22 | 3,216Acquired | — | — No price on filing | 189,875 | Direct | F4, F2 |
| Withheld for taxesLine 3 · code F | Common Stock | 10/22/22 | 1,350Disposed | $478.18 | $645,543.00 | 188,525 | Direct | F5 |
| Withheld for taxesLine 4 · code F | Common Stock | 10/22/22 | 1,361Disposed | $478.18 | $650,802.98 | 187,164 | Direct | F5 |
| HoldsLine 5 | Common Stock | — | — | — | — | 168,149 | Indirect: By GRAT | F3 |
Footnotes
- F1
Grant was initially made on October 22, 2020 subject to performance conditions concerning fiscal 2022, which have been deemed satisfied by the Compensation Committee of the Board of Directors. The earned awards vest 20% on the first anniversary of the grant date and an additional 20% vest over each of the ensuing four years based on continued employment with the Company. In addition, under the 2019 Incentive Plan, long term employees are eligible for accelerated vesting upon the anniversary of their 25th, 30th and 35th years of service.
- F2
Not applicable. Grant of Restricted Stock Units.
- F3
On June 17, 2022, the reporting person contributed 168,149 shares of Costco common stock to a grantor retained annuity trust of which he is the sole grantor, trustee and annuity beneficiary.
- F4
Grant was initially made on October 22, 2021 subject to performance conditions concerning fiscal 2022, which have been deemed satisfied by the Compensation Committee of the Board of Directors. The earned awards vest 20% on the first anniversary of the grant date and an additional 20% vest over each of the ensuing four years based on continued employment with the Company. In addition, under the 2019 Incentive Plan, long term employees are eligible for accelerated vesting upon the anniversary of their 25th, 30th and 35th years of service.
- F5
This transaction is a withholding by the Company for taxes in connection with the vesting of previously granted restricted stock units. The price represents the closing market price of Costco common stock on NASDAQ on October 21, 2022.