Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DM | Performance Stock Unit | Award | $0 | +2.27M | $0.00 | 2.27M | Oct 14, 2021 | Class A Common Stock | 2.27M | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each performance stock unit, or PSU, represents a contingent right to receive one share of Issuer Class A Common Stock. |
F2 | The PSUs vest based on the Issuer's stock price performance over a performance period beginning on the grant date and ending on the seventh anniversary of the grant date, subject to satisfying certain service-based conditions. The award will vest, if at all, in twelve tranches based on the Issuer's stock price exceeding certain thresholds. Any portion of the award that has not been earned by the seventh anniversary of the grant date will be forfeited. |