Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | OSBC | Restricted Stock Units | 79.5K | Feb 20, 2024 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 17,892 restricted stock units on the date of the grant, 8,946 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 8,946 of which are performance-based restricted stock units that may vest and convert to shares within a range from 0% to 175% of the underlying performance-based restricted stock units originally awarded, depending on our compensation committee approved performance metrics. Vested shares, if any, will be delivered to the reporting person in 3 to 5 business days from the date of vesting. |
F2 | The performance-based restricted stock units reported earlier were reported with an incorrect range of 0% - 150%. The correct range is 0% - 175%. |