Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ERII | Common Stock | Award | $0 | +15.2K | +471.32% | $0.00 | 18.5K | Oct 24, 2023 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents the right to receive, at settlement, one (1) share of the Company's common stock. |
F2 | These employee restricted stock units were granted on the transaction date (the ''Grant Date'') and will vest on the 1 year anniversary of the Grant Date (the ''Vest Date'') provided that Mr. Moon remains an ''Eligible Person'' (as defined in the 2020 Plan) on the Vest Date. The number of shares that Mr. Moon will receive pursuant to the restricted stock unit award is determined as follows: if Mr. Moon serves as Interim Chief Executive Officer for 6 months or longer, Mr. Moon will receive 100% of the shares underlying the restricted stock unit award on the Vest Date. In the event that Mr. Moon serves as Interim Chief Executive Officer for less than 6 months, Mr. Moon will receive a pro-rated amount of the shares underlying the restricted stock unit award on the Vest Date. |
Exhibit 24