Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GWRE | Common Stock | Options Exercise | $0 | +10.8K | +13.84% | $0.00 | 89K | Sep 17, 2024 | Direct | |
transaction | GWRE | Common Stock | Options Exercise | $0 | +4.67K | +5.25% | $0.00 | 93.7K | Sep 17, 2024 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GWRE | Performance Shares | Options Exercise | $0 | -10.8K | -100% | $0.00 | 0 | Sep 15, 2024 | Common Stock | 10.8K | $0.00 | Direct | F1 |
transaction | GWRE | Performance Shares | Options Exercise | $0 | -4.67K | -20.21% | $0.00 | 18.4K | Sep 15, 2024 | Common Stock | 4.67K | $0.00 | Direct | F2 |
Id | Content |
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F1 | At the end of Year 1, 50% of this performance stock unit ("PSU") award will be determined based on performance against fiscal year 2022 financial targets, with the following vesting schedule: 33% vesting immediately, 33% vesting at end of Year 2, and 33% vesting at end of Year 3. On September 7, 2022, the Compensation Committee of the Board of Directors determined that 122% of the performance-based conditions were met resulting in an increase of 1,704 PSUs earned by the Reporting Person. At the end of Year 3, 50% of the PSU award will be determined based on performance against fiscal year 2024 financial targets, with the following vesting schedule: 100% vesting immediately. On September 11, 2024, the Compensation Committee of the Board of Directors determined that 99% of the performance-based conditions were met resulting in a decrease of 78 PSUs earned by the Reporting Person. |
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 249 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. |