Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | INSE | Performance Restricted Stock Units | Award | $0 | +125K | $0.00 | 125K | May 9, 2023 | Common Stock | 125K | Direct | F1, F2, F3 | ||
transaction | INSE | Stock Price Restricted Stock Units | Award | $0 | +125K | $0.00 | 125K | May 9, 2023 | Common Stock | 125K | Direct | F1, F2, F4 |
Id | Content |
---|---|
F1 | Reflects special sign-on equity awards to the reporting person pursuant to his employment agreement with the Issuer dated January 12, 2023 which were granted under the Issuer's 2023 Omnibus Incentive Plan which was approved by the Issuer's stockholders on May 9, 2023. |
F2 | Each unit represents a contingent right to receive one share of common stock at settlement. |
F3 | These performance restricted stock units are conditioned on attainment of pre-established performance criteria for 2025 through 2027 (approximately 41,666 target units per year). |
F4 | These stock price restricted stock units vest in four equal increments of 31,250 units, subject to attainment of the stock price targets established pursuant to the reporting person's employment agreement ($15.00, $17.50, $20.00 and $22.50, respectively). The first applicable price target has been met. |