| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HEAR | Common Stock | Tax liability | $0 | -4,102 | -23% | $0.000000 | 13,824 | 18 Mar 2024 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HEAR | Performance Stock Units | Award | $0 | +4,000 | $0.000000 | 4,000 | 18 Mar 2024 | Common stock | 4,000 | Direct | F2, F3 | ||
| transaction | HEAR | Performance Stock Unit | Award | $0 | +4,667 | $0.000000 | 4,667 | 18 Mar 2024 | Common stock | 4,667 | Direct | F2, F4 | ||
| transaction | HEAR | Performance Stock Units | Award | $0 | +5,868 | $0.000000 | 5,868 | 18 Mar 2024 | Common stock | 5,868 | Direct | F2, F5 | ||
| holding | HEAR | Restricted Stock Units | 6,875 | 18 Mar 2024 | Common stock | 6,875 | Direct | F6, F7 | ||||||
| holding | HEAR | Restricted Stock Units | 9,000 | 18 Mar 2024 | Common stock | 9,000 | Direct | F6, F8 | ||||||
| holding | HEAR | Restricted Stock Units | 15,750 | 18 Mar 2024 | Common stock | 15,750 | Direct | F6, F9 | ||||||
| holding | HEAR | Restricted Stock Units | 28,000 | 18 Mar 2024 | Common stock | 28,000 | Direct | F6, F10 | ||||||
| holding | HEAR | Stock Option (Right to Buy) | 19,167 | 18 Mar 2024 | Common stock | 19,167 | $12.10 | Direct | F11 | |||||
| holding | HEAR | Stock Option (Right to Buy) | 12,605 | 18 Mar 2024 | Common stock | 12,605 | $5.95 | Direct | F12 |
| Id | Content |
|---|---|
| F1 | Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of deferred stock awarded to the reporting person. |
| F2 | The securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock. |
| F3 | Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2021 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date. |
| F4 | Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2022 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date. |
| F5 | Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2023 under the Turtle Beach Corporation Stock Based 2023 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2024, subject to continued employment through such date. |
| F6 | The securities are restricted stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock, or cash with a value equal to the fair market value of the underlying common stock, or a combination thereof. |
| F7 | These restricted stock units vest in equal annual installments until April 1, 2024. |
| F8 | These restricted stock units vest in equal annual installments until April 1, 2025. |
| F9 | These restricted stock units vest in equal annual installments until April 1, 2026. |
| F10 | One-quarter of these restricted stock units will vest on April 1, 2024, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2027. |
| F11 | These options were exercisable as of the transaction date. |
| F12 | These options are scheduled to vest in equal monthly installments until April 1, 2024. |