SEC Form 4 · accession 0001014108-18-000039
YRC Worldwide Inc. · YRCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Joseph O'Connor III
Officer — President, YRC Inc.
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 7:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000716006
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 23, 2018 | F | 2,681 | $9.36 | D | 47,253 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2018, 5,443 performance stock units of Mr. O'Connor's Company stock, granted March 9, 2015 and earned February 15, 2016, vested. On February 23, 2018, Mr. O'Connor automatically surrendered 2,681 of the 5,443 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the February 23rd vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of performance stock units.