Certain Performance Share Awards of Green Plains Inc. are subject to a Lock-Up Agreement Ending on 5-OCT-2021.
October 04, 2021
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Certain Performance Share Awards of Green Plains Inc. are subject to a Lock-Up Agreement Ending on 5-OCT-2021. These Performance Share Awards will be under lockup for 61 days starting from 5-AUG-2021 to 5-OCT-2021.
Details:
The company's executive officers and directors have agreed not to sell or transfer any common stock or securities convertible into, exchangeable for, exercisable for, or repayable with common stock, for 60 days after the date of the Underwriting Agreement. Specifically, they have agreed, with certain limited exceptions, not to directly or indirectly offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of any shares of common stock, or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the common stock.
Green Plains Inc. is a biorefining company. The Company is focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. Its Ethanol Production segment includes the production of ethanol, distillersâ grains, protein and renewable corn oil at ten biorefineries in Illinois, Indiana, Iowa, Minnesota, Nebraska and Tennessee. Its Agribusiness and Energy Services segment includes grain procurement, with approximately 20.2 million bushels of grain storage capacity, and its commodity marketing business, which markets, sells and distributes the ethanol, distillersâ grains, protein and renewable corn oil produced at its ethanol plants. Its Partnership segment provides fuel storage and transportation services through owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.