Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NA | Phantom Shares | Award | $284K | +25.1K | $11.32* | 25.1K | Feb 20, 2024 | Common Stock | 25.1K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash. |
F2 | These phantom shares vest in equal installments over a three-year period based on the net asset value of the Issuer's common stock as of January 31 of the applicable year. |