Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ACHR | Restricted Stock Units | Award | $0 | +83.5K | $0.00 | 83.5K | Dec 8, 2021 | Class A Common Stock | 83.5K | Direct | F1, F2, F3, F4 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock, subject to the reporting person's continued status as a director. |
F2 | This restricted stock unit award represents a total grant value of $500,000 divided by the issuer's closing stock price on November 16, 2021 for its Class A Common Stock, rounded to the nearest whole share, as calculated in accordance with the determination of the Compensation Committee of the issuer's Board of Directors. |
F3 | The award vests ratably in 1/3 increments on the first, second, and third anniversaries of September 16, 2021. |
F4 | These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. |