Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | N/A | Phantom Equity Units | Award | $400K | +35.5K | $11.26 | 35.5K | Apr 27, 2021 | Common Stock | 35.5K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | The phantom equity award is issued under the Retention Plan and vests [six] years after the date of grant. Each phantom equity award is the economic equivalent of one share of the company's common stock. The recipient will receive distributions in the same amount as common shares during their tenure with the Company. |
F2 | To be settled in accordance with the terms and conditions of the Retention Plan, if vested, either in equivalent shares of the Company's common stock or in the cash equivalent thereof. |