Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PALI | Restricted Stock Units | Award | $0 | +41.7K | $0.00 | 41.7K | Feb 6, 2023 | Common Stock | 41.7K | Direct | F1, F2, F3, F4 | ||
transaction | PALI | Restricted Performance Stock Units | Award | $0 | +32.5K | $0.00 | 32.5K | Feb 6, 2023 | Common Stock | 32.5K | Direct | F1, F2, F3 | ||
transaction | PALI | Common Stock Purchase Option | Award | $0 | +57.2K | $0.00 | 57.2K | Feb 6, 2023 | Common Stock | 57.2K | $2.40 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each grant represents a one-time bonus grant to Reporting Person for services as an executive officer for the year ended December 31, 2022. The grants were issued from the Issuer's 2021 Equity Incentive Plan. Vesting for each grant is subject to: (a) the Reporting Person being a service provider to the Issuer at the time of vesting and (b) shareholder approval of the applicable grant is received. |
F2 | The applicable grant will vest: with respect to the Restricted Stock Units ("RSUs") and Common Stock Purchase Options ("Options"), in twelve (12) equal quarterly installments over a three-year period from the grant date, and with respect to the Performance Restricted Stock Units ("PSUs"), (i) 50% at such time when the volume weighted average price of the Company's common stock over a twenty (20) consecutive trading day period is at or greater than $3.20, and (ii) 50% at such time when the volume weighted average price of the Company's common stock over a twenty (20) consecutive trading day period is at or greater than $4.25 |
F3 | Each RSU or PSU represents a contingent right to receive one share of Issuer's common stock. |
F4 | N/A |