Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | STRR | Restricted Stock Unit | Award | +39.2K | 39.2K | Jan 1, 2022 | Common Stock | 39.2K | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. |
F2 | The number of Restricted Stock Units granted was determined using the closing sales price per share on December 31, 2021 (the last trading day before the January 1, 2022 vesting date, which fell on a weekend and holiday) of $2.55. |
F3 | The Restricted Stock Units, granted on January 1, 2022 (the "Grant Date"), are scheduled to vest as follows: one-third upon the first anniversary of the Grant Date; one-third upon the second anniversary of the Grant Date; and one-third upon the third anniversary of the Grant Date, provided the Reporting Person is employed on such dates. |