Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | BV | Common Stock | 668K | Oct 1, 2023 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BV | Restricted Stock Units | Award | $0 | +918K | $0.00 | 918K | Oct 1, 2023 | Common Stock | 918K | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. The restricted stock units will be settled in either common stock or cash (or a combination thereof). |
F2 | Represents (i) an award of 250,000 restricted stock units issued to the Reporting Person as an inducement award in connection with his appointment as President and CEO and (ii) an award of 667,820 restricted stock units issued to the Reporting Person to match the Reporting Person's acquisition of 667,820 shares of Company's common stock following the announcement of his appointment as President and CEO in each case pursuant to the Reporting Person's employment letter agreement with the Issuer, dated August 27, 2023. |
F3 | Represents a grant of time-based restricted stock units that vest in four equal annual installments beginning on October 1, 2024. |