Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| DIEBOLD NIXDORF, IncDBD · Entity 4421 | SVP, Software | February 11, 2020 | February 13, 2020 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
DIEBOLD NIXDORF, Inc
Report date February 11, 2020 · Filed February 13, 2020
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common SharesSEC Table I · non-derivative | Direct | 123,422 |
Last balance in matching sequence
After 2020-02-11 transaction · row 2
Source-order balances reconcile. Account continuity and personal attribution are not independently verified.
2 source rowsRow 1 · 2020-02-11 · Grant · Acquired 18,029 · Balance 130,337 F1: Reflects delivery of shares earned under the 2017-2019 Synergy Grant, and withholding of shares pursuant to tax withholding right. F2: Number includes restricted stock units. Row 2 · 2020-02-11 · Tax withholding · Disposed 6,915 · Balance 123,422 F1: Reflects delivery of shares earned under the 2017-2019 Synergy Grant, and withholding of shares pursuant to tax withholding right. F2: Number includes restricted stock units. |
| Non-Qualified Stock OptionSEC Table II · derivative / convertible security · Conversion / exercise price $38.02 · Expires 2024-08-04 | Direct | 7,751 |
Reported balance
Holding disclosure · report date 2020-02-11 · row 3
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 3 · Balance 7,751 F3: Granted under the 1999 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. |
| Non-Qualified Stock OptionSEC Table II · derivative / convertible security · Conversion / exercise price $32.33 · Expires 2025-02-05 | Direct | 22,735 |
Reported balance
Holding disclosure · report date 2020-02-11 · row 4
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 4 · Balance 22,735 F3: Granted under the 1999 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. |
| Non-Qualified Stock OptionSEC Table II · derivative / convertible security · Conversion / exercise price $27.39 · Expires 2026-02-03 | Direct | 23,744 |
Reported balance
Holding disclosure · report date 2020-02-11 · row 5
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 5 · Balance 23,744 F3: Granted under the 1999 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. |
| Non-Qualified Stock OptionSEC Table II · derivative / convertible security · Conversion / exercise price $18.75 · Expires 2028-02-01 | Direct | 23,227 |
Reported balance
Holding disclosure · report date 2020-02-11 · row 7
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 7 · Balance 23,227 F4: Granted under the 2017 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. |
| Non-Qualified Stock OptionSEC Table II · derivative / convertible security · Conversion / exercise price $4.08 · Expires 2029-01-29 | Direct | 45,000 |
Reported balance
Holding disclosure · report date 2020-02-11 · row 8
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 8 · Balance 45,000 F4: Granted under the 2017 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. |
| Non-Qualified Stock OptionsSEC Table II · derivative / convertible security · Conversion / exercise price $26.60 · Expires 2027-02-08 | Direct | 44,408 |
Reported balance
Holding disclosure · report date 2020-02-11 · row 6
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 6 · Balance 44,408 F3: Granted under the 1999 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. |
Filing footnotes · ownership attribution and instrument terms
F1: Reflects delivery of shares earned under the 2017-2019 Synergy Grant, and withholding of shares pursuant to tax withholding right.
F2: Number includes restricted stock units.
F3: Granted under the 1999 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant.
F4: Granted under the 2017 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| February 11, 2020 Filed Feb 13, 2020 21:43 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 6,915 | $0.00 | $0.00 |
DisclosureSEC source: 0000028823-20-000049 · wf-form4_158163022271233.xml · nonDerivative · entry 2 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 123,422 F1 · shares: Reflects delivery of shares earned under the 2017-2019 Synergy Grant, and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 11, 2020 Filed Feb 13, 2020 21:43 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares | 18,029 | $0.00 | $0.00 |
DisclosureSEC source: 0000028823-20-000049 · wf-form4_158163022271233.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 130,337 F1 · shares: Reflects delivery of shares earned under the 2017-2019 Synergy Grant, and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 08, 2020 Filed Feb 10, 2020 21:40 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 659 | $11.52 | $7,591.68 |
DisclosureSEC source: 0000028823-20-000036 · wf-form4_158137082374551.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 112,308 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 1991 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 01, 2020 Filed Feb 3, 2020 21:57 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 1,727 | $11.51 | $19,877.77 |
DisclosureSEC source: 0000028823-20-000021 · wf-form4_158076702692133.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 112,967 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| January 29, 2020 Filed Jan 31, 2020 21:38 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 11,802 | $11.45 | $135,132.90 |
DisclosureSEC source: 0000028823-20-000008 · wf-form4_158050670800125.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 114,694 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 13, 2019 Filed Feb 15, 2019 21:26 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 2,185 | $0.00 | $0.00 |
DisclosureSEC source: 0000028823-19-000050 · wf-form4_155026596154196.xml · nonDerivative · entry 2 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 126,496 F1 · shares: Reflects delivery of shares earned under the 2017-2019 Synergy Grant, and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 13, 2019 Filed Feb 15, 2019 21:26 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares | 6,009 | $0.00 | $0.00 |
DisclosureSEC source: 0000028823-19-000050 · wf-form4_155026596154196.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 128,681 F1 · shares: Reflects delivery of shares earned under the 2017-2019 Synergy Grant, and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 08, 2019 Filed Feb 12, 2019 21:07 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 625 | $5.01 | $3,131.25 |
DisclosureSEC source: 0000028823-19-000038 · wf-form4_155000561521617.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 122,672 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 03, 2019 Filed Feb 5, 2019 21:30 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 392 | $4.36 | $1,709.12 |
DisclosureSEC source: 0000028823-19-000027 · wf-form4_154940219882756.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 123,297 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 01, 2019 Filed Feb 5, 2019 21:32 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 1,637 | $4.36 | $7,137.32 |
DisclosureSEC source: 0000028823-19-000030 · wf-form4_154940231625790.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 123,689 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| January 29, 2019 Filed Jan 31, 2019 21:41 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantNon-Qualified Stock Option · Derivative | 45,000 | $4.08 Strike: $4.08 | $183,600.00 |
DisclosureSEC source: 0000028823-19-000016 · wf-form4_154897088452993.xml · derivative · entry 7 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 45,000 Underlying: Common Shares · 45,000 shares Expires 2029-01-29 F4 · security: Granted under the 2017 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. Read SEC document |
| January 29, 2019 Filed Jan 31, 2019 21:41 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares | 89,236 | $0.00 | $0.00 |
DisclosureSEC source: 0000028823-19-000016 · wf-form4_154897088452993.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 125,326 F1 · shares: Award of restricted stock units; each restricted stock unit represents a contingent right to receive one share of Diebold Nixdorf, Incorporated common stock. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 13, 2018 Filed Feb 15, 2018 21:56 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 1,021 | $14.30 | $14,600.30 |
DisclosureSEC source: 0000028823-18-000057 · wf-form4_151873174598646.xml · nonDerivative · entry 2 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 36,090 F1 · shares: Reflects delivery of shares earned under the 2015-2017 performance-based deferred shares award and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 13, 2018 Filed Feb 15, 2018 21:56 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares | 2,724 | $0.00 | $0.00 |
DisclosureSEC source: 0000028823-18-000057 · wf-form4_151873174598646.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,111 F1 · shares: Reflects delivery of shares earned under the 2015-2017 performance-based deferred shares award and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 08, 2018 Filed Feb 12, 2018 21:47 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 691 | $15.85 | $10,952.35 |
DisclosureSEC source: 0000028823-18-000042 · wf-form4_151847204066449.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 34,387 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 05, 2018 Filed Feb 7, 2018 21:49 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 1,169 | $16.50 | $19,288.50 |
DisclosureSEC source: 0000028823-18-000037 · wf-form4_151804016861906.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,574 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 03, 2018 Filed Feb 6, 2018 22:10 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 470 | $17.50 | $8,225.00 |
DisclosureSEC source: 0000028823-18-000026 · wf-form4_151795502095177.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,743 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 2017 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 01, 2018 Filed Feb 5, 2018 22:48 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares · Derivative | 34,081 | $18.75 Strike: $18.75 | $639,018.75 |
DisclosureSEC source: 0000028823-18-000010 · wf-form4_151787091412508.xml · derivative · entry 6 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 34,081 Underlying: Common Shares · 34,081 shares Expires 2028-02-01 F4 · security: Granted under the 2017 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. Read SEC document |
| February 01, 2018 Filed Feb 5, 2018 22:48 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares | 13,504 | $18.75 | $253,200.00 |
DisclosureSEC source: 0000028823-18-000010 · wf-form4_151787091412508.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 36,717 F1 · shares: Award of restricted stock units; each restricted stock unit represents a contingent right to receive one share of Diebold Nixdorf, Incorporated common stock. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 01, 2018 Filed Feb 6, 2018 22:11 UTC Amendment | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantNon-Qualified Stock Option · Derivative | 23,227 | $18.75 Strike: $18.75 | $435,506.25 |
DisclosureSEC source: 0000028823-18-000028 · wf-form4a_151795505755970.xml · derivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,227 Underlying: Common Shares · 23,227 shares Expires 2028-02-01 F1 · security: The original Form 4 is amended by this Form 4 amendment to correct the number of options acquired on this transaction date and the resulting number of derivative securities beneficially owned following the reported transaction. No other changes have been made to the original Form 4. F2 · security: Granted under the 2017 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. Read SEC document |
| November 03, 2017 Filed Nov 7, 2017 21:21 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | PurchaseCommon Shares | 2,750 | $18.28 | $50,256.25 |
DisclosureSEC source: 0000028823-17-000142 · wf-form4_151008966913970.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,213 F1 · balance_after: Number includes restricted stock units. Read SEC document |
| August 04, 2017 Filed Aug 8, 2017 20:36 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 2,994 | $22.55 | $67,514.70 |
DisclosureSEC source: 0000028823-17-000124 · wf-form4_150222458886664.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,463 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 1991 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 14, 2017 Filed Feb 16, 2017 22:34 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 1,643 | $29.25 | $48,057.75 |
DisclosureSEC source: 0000028823-17-000040 · wf-form4_148728444037662.xml · nonDerivative · entry 2 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,457 F1 · shares: Reflects delivery of performance shares earned for the 2016 performance period under the Transformation Grant and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 14, 2017 Filed Feb 16, 2017 22:34 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares | 3,607 | $29.25 | $105,504.75 |
DisclosureSEC source: 0000028823-17-000040 · wf-form4_148728444037662.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,100 F1 · shares: Reflects delivery of performance shares earned for the 2016 performance period under the Transformation Grant and withholding of shares pursuant to tax withholding right. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 08, 2017 Filed Feb 10, 2017 22:15 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantNon-Qualified Stock Options · Derivative | 44,408 | $26.60 Strike: $26.60 | $1,181,252.80 |
DisclosureSEC source: 0000028823-17-000017 · wf-form4_148676494479267.xml · derivative · entry 5 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 44,408 Underlying: Common Shares · 44,408 shares Expires 2027-02-07 F3 · security: Granted under the 1991 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant. Read SEC document |
| February 08, 2017 Filed Feb 10, 2017 22:15 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | GrantCommon Shares | 5,151 | $26.60 | $137,016.60 |
DisclosureSEC source: 0000028823-17-000017 · wf-form4_148676494479267.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,493 F1 · shares: Award of restricted stock units; each restricted stock unit represents a contingent right to receive one share of Diebold Nixdorf, Incorporated common stock. F2 · balance_after: Number includes restricted stock units. Read SEC document |
| February 03, 2017 Filed Feb 7, 2017 22:25 UTC | DIEBOLD NIXDORF, Inc DBD · Entity 4421 | Tax withholdingCommon Shares | 506 | $26.45 | $13,383.70 |
DisclosureSEC source: 0000028823-17-000006 · wf-form4_148650631111693.xml · nonDerivative · entry 1 KERR ALAN · CIK 0001258641 · SVP, Software 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 16,342 F1 · shares: Shares withheld pursuant to exercise of tax withholding right under the 1991 Equity and Performance Incentive Plan - Restricted Share Award F2 · balance_after: Number includes restricted stock units. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.