Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NTGR | Common Stock | Award | $0 | +456K | $0.00 | 456K | Feb 27, 2024 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NTGR | Performace Restricted Stock Units | Award | $0 | +456K | $0.00 | 456K | Feb 27, 2024 | Common Stock | 456K | Direct | F2, F3 |
Id | Content |
---|---|
F1 | One-fourth (1/4th) of the Inducement RSUs shall vest in equal annual installments over four years (with the first installment vesting on January 31, 2025), subject to Mr. Prober's continued service with the Company through the vesting date. |
F2 | Performance-Based RSUs ("PRSUs") granted to the Reporting Person under Inducement Plan |
F3 | 1/3rd of the PSUs will be allocated to a Performance Period (PP) beginning on the date that Participant commenced employment with the Company and ending on December 31, 2024; 1/3rd of the PSUs will be allocated to a PP beginning on January 1, 2025, and ending on December 31, 2025; and 1/3rd of the PSUs will be allocated to a PP on January 1, 2026, and ending on December 31, 2026 based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix during the applicable Performance Period or Adjusted Performance Period, or (ii) pursuant to the "True-Up" section in the Performance Matrix. 100% of the Eligible PSUs (if any) for each Tranche will vest on the anniversary of the Vesting Commencement Date that immediately follows the end of the Performance Period that relates to that Tranche, provided that Participant continues to be a Service Provider through that Vesting Date. |