Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VISL | Common Stock | Award | $0 | +200K | +702.42% | $0.00 | 228K | Feb 16, 2022 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Restricted Stock Units ("RSUs"). |
F2 | Each RSU represents a one-time award received by non-employee members of the Board of Directors of the Issuer and also represents contingent right to receive one share of common stock of the Issuer. |
F3 | 40,000 of the RSUs vest on each anniversary of the date of the grant over a five year period, provided that the nonemployee director has remained in continuous service as a member of the Board as of such vesting date. The RSUs will become fully vested if, during the 13 month period commencing on a Change in Control of the Issuer, the nonemployee director's service with the Issuer is terminated other than for "Cause" (as such terms are defined in the Reporting Person's Restricted Stock Award). |