Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | U | Common Stock | Award | $0 | +188K | +87.49% | $0.00 | 402K | Aug 19, 2024 | Direct | F1 |
transaction | U | Common Stock | Award | $0 | +62.6K | +15.55% | $0.00 | 465K | Aug 19, 2024 | Direct | F2 |
Id | Content |
---|---|
F1 | Represents restricted stock units granted to the Reporting Person. The shares subject to this award will vest over approximately 4 years, with 6.25% of the RSUs vesting on November 25, 2024 and 6.25% quarterly thereafter for so long as the Reporting Person continues to provide service. |
F2 | Represents performance-based restricted stock units (PVUs) granted to the Reporting Person. The shares subject to this award will vest using the Issuer's stock price as a vesting hurdle over a seven-year period (the "Performance Period"). The vesting date will be the date that both the applicable continued service requirement and the stock price hurdle are satisfied. The continued service requirement will be satisfied in equal quarterly installments over four years beginning on August 9, 2024. The stock price hurdle will be satisfied if during the Performance Period, the closing price of the Issuer's common stock on the New York Stock Exchange exceeds $20.00 for a period of 20 consecutive trading days. |