Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GOEV | Performance-Based Restricted Stock Units | Award | $0 | +2M | $0.00 | 2M | Nov 4, 2021 | Common Stock | 2M | Direct | F1, F2 | ||
transaction | GOEV | Performance-Based Restricted Stock Units | Award | $0 | +2M | $0.00 | 2M | Nov 4, 2021 | Common Stock | 2M | Direct | F1, F3 | ||
transaction | GOEV | Performance-Based Restricted Stock Units | Award | $0 | +2M | $0.00 | 2M | Nov 4, 2021 | Common Stock | 2M | Direct | F1, F4 |
Id | Content |
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F1 | Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. These PSUs vest in one-third increments through a five-year performance period beginning November 4, 2021 when shares of the Issuer's common stock equal or exceed the prices specified in footnotes (2), (3) and (4), as applicable (measured based on the volume weighted average stock price for 20 days in any 30-day period), and in each case subject to continuous service through the later of the end of the applicable service period or the date of achievement of the applicable performance vesting milestone. |
F2 | These PSUs vest on the date the price of the Issuer's common stock equals or exceeds $18, subject to continuous service through the later of the first anniversary of the grant date and the date such stock price is achieved. |
F3 | These PSUs vest on the date the price of the Issuer's common stock equals or exceeds $25, subject to continuous service through the the later of second anniversary of the grant date and the date such stock price is achieved. |
F4 | These PSUs vest on the date the price of the Issuer's common stock equals or exceeds $40, subject to continuous service through the fifth anniversary of the grant date (i.e., the expiration date). |