Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SWKS | Restricted Stock Units | Award | $0 | +43.7K | $0.00 | 43.7K | Feb 17, 2025 | Common Stock | 43.7K | Direct | F1, F2 | ||
transaction | SWKS | Performance Shares | Award | $0 | +455K | $0.00 | 455K | Feb 17, 2025 | Common Stock | 455K | Direct | F3, F4 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents the contingent right to receive one (1) share of common stock upon vesting of the unit. |
F2 | The restricted stock units vest in four (4) equal installments, beginning on 11/5/2025 and ending on 11/5/2028. |
F3 | Each performance share represents the contingent right to receive one (1) share of common stock upon vesting of the performance share. |
F4 | The performance shares ("New Hire PSAs") can be earned based on the level of achievement of stock price hurdles measured during the performance period commencing 2/17/2027 and ending 2/17/2031. Twenty percent of the New Hire PSAs are earned upon achievement of each of the price hurdles and vest on the one-year anniversary of the applicable price hurdle achievement date, subject to the reporting person's continued service on such date. |