Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EVC | Class A common stock | Award | $0 | +100K | +18.91% | $0.00 | 629K | Jan 25, 2024 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EVC | Performance Units | Award | $0 | +100K | $0.00 | 100K | Jan 25, 2024 | Class A common stock | 100K | Direct | F3 |
Id | Content |
---|---|
F1 | Represents an award of 100,000 restricted stock units that vests as follows: (i) 25% on December 20, 2024; (ii) 25% on December 20, 2025; (iii) 25% on December 20, 2026; and (iv) 25% on December 20, 2027. |
F2 | Includes 413,360 restricted stock units. The reporting person also has direct ownership of 215,564 shares of Class A common stock. |
F3 | Each Performance Unit represents a contingent right to receive one share of the Company's Class A common stock upon vesting. The Performance Units vest by a combination of both (i) time-based vesting, with 20% vesting on January 25, 2025 and 10% vesting every six months thereafter in eight equal installments, and (ii) a market-based vesting condition based on total shareholder return hurdles in four equal tranches. |