Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CURO | Common Stock | Award | $0 | +248K | +20.84% | $0.00 | 1.44M | Feb 11, 2022 | Direct | F1, F2 |
Id | Content |
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F1 | One-half of RSU award is subject to time-based vesting and 1/2 is subject to performance-based vesting. Time-based RSUs will vest in 3 equal tranches on each of the 1st, 2nd and 3rd anniversaries of the date immediately prior to grant date. Performance-based RSUs will vest based on achievement of relative total shareholder return ("TSR"). The Company's 3-year TSR for period 1/1/22 - 12/31/24 will be measured against TSR of Company's defined peer group for same period. Performance metric will be met, and RSUs will vest, based on percentile achievement as follows, with a target achievement of Company TSR at 50th percentile of peer group TSR: 75% of award will vest if Company achieves 67% of target achievement (= to 33rd percentile) and 125% of award will vest if Company achieves 133% or more of target achievement (= to 67th percentile). The amount of shares that will vest based upon Company achieving between threshold, target and maximum performance levels are linearly interpolated. |
F2 | The restricted common stock units were awarded in an exempt transaction pursuant to Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended. |