Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RDN | Restricted Stock Units - Time Vested Award | Award | +20.8K | 20.8K | May 11, 2022 | Common Stock | 20.8K | $0.00 | Direct | F1, F2, F5 | |||
transaction | RDN | Restricted Stock Units - Performance Award | Award | +34.3K | 34.3K | May 11, 2022 | Common Stock | 34.3K | $0.00 | Direct | F1, F3, F4, F5 |
Id | Content |
---|---|
F1 | Each RSU represents a contingent right to receive one share of common stock. |
F2 | Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2022. |
F3 | The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. |
F4 | Vesting of the performance-based RSUs occurs on May 15, 2025 (between 0 and 68,580 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Distribution of shares is generally subject to a one-year holding period after vesting. |
F5 | Not Applicable. |