Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GWRE | Common Stock | Award | $0 | +31.9K | +25% | $0.00 | 159K | Sep 13, 2023 | Direct | |
transaction | GWRE | Common Stock | Options Exercise | $0 | +4.09K | +2.56% | $0.00 | 163K | Sep 15, 2023 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GWRE | Performance Shares | Award | $0 | +31.9K | $0.00 | 31.9K | Sep 13, 2023 | Common Stock | 31.9K | $0.00 | Direct | F1 | |
transaction | GWRE | Performance Shares | Options Exercise | $0 | -4.09K | -16.81% | $0.00 | 20.2K | Sep 15, 2023 | Common Stock | 4.09K | $0.00 | Direct | F2 |
Id | Content |
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F1 | These PSUs cliff vest at the end of the three-year performance period based on the average performance of the three one-year performance periods. One-year financial targets for each of the three performance measurement periods were set on the grant date. |
F2 | At the end of Year 1, as to 50% of this PSU award (Part 1), the Compensation Committee of the Board of Directors determined, on September 15, 2023, that 101.8% of the performance conditions against the FY23 ARR targets were met resulting in an increase of 216 PSUs earned by the Reporting Person. 33% of Part 1 vested immediately thereafter. 33% of Part 1 will vest at the end of Year 2, and 33% of Part 1 will vest at the end of Year 3. At the end of Year 3, 50% of the PSU award (Part 2) will be determined based on performance against the FY25 ARR targets. |