Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VISL | Common Stock | Award | $0 | +786K | +174.99% | $0.00 | 1.24M | Feb 16, 2022 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | Restricted Stock Units ("RSUs"). |
F2 | Each RSU represents a contingent right to receive one share of common stock of the Issuer. |
F3 | 98,246.25 of the RSUs vest on February 16, 2022, and 8,178.85 of the RSUs vest in substantially equal monthly increments over the 36-month period thereafter. 392,985 of the RSUs vest in three equal tranches on or prior to December 31, 2026, subject to the Issuer achieving certain revenue levels in any trailing four-quarter fiscal period. The RSUs will become fully vested if, during the 13 month period commencing on a Change In Control of the Issuer, the Issuer terminates the Reporting Person's employment without Cause or he terminates his employment for Good Reason (as such terms defined in the Reporting "Person's" Employment Agreement). |